What is a grant of probate?
When a loved one passes away, their house and possessions need to be sorted out, and this is called administering their estate.
In order to do this, their entrusted friend or family member (known as the executor) needs to apply to the Probate Registry to obtain a document known as a grant of probate. If no will exists an application still needs to be made by the next of kin to the Probate Registry, but the document is known as a grant of letters of administration. In these circumstances the next of kin is known as an administrator, rather than an executor.
The grant has a number of important features for example:
- It states the gross and net of the estate
- It states the names of the people administering the estate