After probate how long to pay out?

[Swiftbushome]

So I understand that executors are advised to wait for 6 months in case a will is contested but if there are several beneficiaries who are each receiving a set amount (albeit different percentages) and the property had already been transferred on the land registry to the beneficiary receiving the largest share, does that mean that the money will need to be paid out soon too? It must have already been worked out for the property to be signed over, right? I don't really understand how it all works, and the family member in charge is quite disorganised. I feel awkward questioning them, but we really could do with an idea of when to expect our share and hiw much it will be. Thanks

I’ve only ever received one inheritance but I got my share about 4 months after the person passed away. The will was very clear on who got what and the house sold very quickly. HTH.

Person died in May and I got inheritance the following March. No property to sell as was being given a cash value so not attached to that as estate was reasonably big. After probate was granted it was still a month or two I think.

Probate is taking about 16 weeks at the moment.

I would ask them directly and also ask to see a copy of the Estate accounts. What % do you have? Are you sure the property doesn't need to be sold to be able to distribute as stated on the will?

Can be ages depending on how many accounts etc.

I'm in a similar position to you OP, interested to see the results. We are at the stage of us beneficiaries having to supply photo ID and proof of address, but no idea when cheques will be arriving.
Have you applied for a copy of the probate?

once all assets have been paid out , which means sending the probate to banks and other assets holders and all funds have been received from the sale of the house then the funds can be distributed . unfortunately sometimes this can take a few weeks . it's a long process which i'm currently going through. just waiting for probate before we can distribute to the beneficiaries ( i am executor alongside my mum and 3 brothers ) . it also depends on how much the assets are worth some banks don't require probate others do.

i have spread sheet with all assets , majority to straight to mum and the other assets held in dads name go to the beneificiairies . we have no legal fees as i'm doing it but , any debts need to be paid out aswell . so there's no exact time for when an inheritance can be paid . it's a long process .

if you are at the ID stage it should be quite soon, as do this when we have received all funds , paid debts, legal bills so we know who is getting what

Specific beneficiaries should be paid out within 6 months.
There is no timescale for residual
Beneficiaries, this can take forever!

Re the property, are you sure this is part of the deceased estate? If the property was jointly owned by the person you mention in your post & the deceased person (tenants in common) it would not be included in the probate process. In that case on the death of one owner the whole property would be automatically owned by the remaining owner.

It’s not clear from your post how far the probate process has got - has the probate application just been submitted or has probate been granted? As mentioned by a PP it currently takes approx 4 months post application for probate to be granted , longer if there are any queries about the estate.

Also before submitting the application it can take months to value an estate, depending on how complicated the estate is. The executor has to contact all creditors & debtors and receive written responses in most instances. After the grant it can also take some time to pay debts and again receive confirmation of payment, which again needs to be done before assets can be distributed.

Unfortunately have been an executor 3 times - twice applying for probate & once for letters of administration (similar process to administer the estate of a person who has died without a will). The last time I went through the process it took almost 8 months from submission to grant, this was due to the application sitting in limbo following a query from the probate office. I responded to the query immediately but the file was not updated despite me calling regularly to see why the application was not progressing. This was during the height of covid though, so all was quite chaotic & hopefully not typical. I’m just mentioning to illustrate that the grant of probate is not always straightforward.

I think you need to find out a bit more info from the executor to have an idea of timescales.

Not a fun process, hope I never have to do it again. I would definitely pay a solicitor to do it for me next time, providing the costs would be paid by the estate (assume that would be the case but not sure).

Sorry the property I mean joint tenants (not tenants in common).

Mil died February 2022, probate passed within 6 months. The council tax was overpaid by £4 and until the council refund this, the solicitor can't close it out. We are still waiting.

Probate has been granted. Property is part of the estate, so the whole thing must have been valued and it must have been calculated that there is enough left in cash to pay out lesser beneficiaries after that is signed over. My percentage is small. It was my grandpa, who is leaving the majority of the estate to my auntie (last living child) and this is who the property has been signed over to, with a small percentage left to myself, my brother and 2 cousins.
Auntie has taken the death very badly and I feel bad asking about it as sounds like I'm just thinking about the money but I would like to have an idea so I can plan really.

I have a feeling that things may have been held up because she is slow to sign stuff or send back etc and I don't want to sound like I'm telling her off 😬

Apparently there is something known as "the executor's year" meaning that the executor is given a year to sort everything out. After this time, it is expected that any funds from the estate are distributed to beneficiaries.

We waited 6 months as there was a worry someone would contest the will at the last minute. They didn't, thankfully.

My brother and I are getting an interim payment a month after Letters of Administration were granted of about 20% of total each, no house to sell, the rest will be paid after the six months is up just in case anything comes out of the woodwork.

Maybe you could get an interim payment OP

Is this right? My dh and his brother had to send photo ID and proof of address to a solicitor who was going to be dealing with their late fathers estate last summer at the start of the process. Probate wasn’t applied for until October, in the end not by the solicitor but by the wife as she decided not to use the solicitor and do it herself. We’re still waiting for probate to be granted and we’re coming up to 6 months now.

We supplied the ID towards the start of the process, I am Personal Representative and DB is a beneficiary, Co op legal services are dealing with it, L of A took at least 5 months and we are at interim payment stage now