Meet the Other Phone. Only the apps you allow.

Meet the Other Phone.
Only the apps you allow.

Buy now

Please or to access all these features

Money matters

Find financial and money-saving discussions including debt and pension chat on our Money forum. If you're looking for ways to make your money to go further, sign up to our Moneysaver emails here.

Life insurance and probate......how long does it usually take???

4 replies

FAQ · 04/03/2008 16:16

My parents have just sent off the forms to the life insurance companies with regards to my Granddad's estate. What I need to know (I'm not being greedy I promise there's a real reason for wanting to know) is

  1. How long in normal circumstances does it take for life insurance companies to payout?
  1. If it goes to probate (which it may well do because of the amounts already "collected" together) - how long does that usually take?
OP posts:
ELR · 04/03/2008 16:20

depends if insurance will pay out without probate for my grandma they did it was about 3 weeks have not done the probate yet as being lazy but if you do it yourself its a lot cheaper than a solicitor £90 and then if theres a property the name transfer of deeds could be about £300 if you get a probate solicitor they charge about £1900 -£3000 for essentially doing naff all

FAQ · 04/03/2008 16:24

there's no property involved (well not that we're aware of - he kept it very quiet if he had one lol)

OP posts:
ELR · 04/03/2008 16:27

well def do the probate yourself then do not pay a solicitor, you could proberbly do it without probate as banks ect dont seem to mind too much

FAQ · 04/03/2008 16:29

I don't need to do the probate - it's my parents (I think - they're the executors of the will........) - but I just wondered approximately how long I'm going to have to put up with living in the same house as H......as neither of us can go anywhere until the money is released.

OP posts:
New posts on this thread. Refresh page