How to be an executor information guide
Sorting out the wills and estates when someone dies may be the last thing on your mind, or it may be a welcome...
How you deal with someone's estate – their money, property and possessions – after they die depends on whether they had a valid will and whether you're named as an executor in the will.
Before anything can happen, you need to find out whether the person made a valid will, because this would give instructions about what should happen to their estate. A bank, a solicitor, a trusted friend or relative, or a will safe facility may have it. You can check for a will using the Probate Registry or the National Will Register (which is a paid-for service).
Search for a will using the Probate Registry on GOV.UK
Search for a will on the National Will Register website
In this case, the will should specify who the executors are, and these executors can apply for a grant of probate to deal with the estate. If there aren't any executors, or they don't want to carry out the role, a beneficiary of the will has to apply to sort out the estate.
You may not need a grant of probate for a small estate, which is usually one that's valued at less than £5,000. In this case, write to the bank or building society of the person who's died.
Find out more about what executors do
In this case, the person is said to have died 'intestate'. Close family members can apply to deal with the estate, but there are different rules – the rules of intestacy – that govern how their estate should be distributed.
In general, if there's a surviving spouse or civil partner, then they automatically inherit all personal possessions, the first £322,000 of the estate and half the remaining assets. Any surviving children would receive the other half of this remainder, divided equally between them. However, the rules of intestacy are complex, so you should seek legal advice if you're dealing with the estate.
A grant of probate gives you the legal right to deal with someone's estate. You can either apply via post or online.
To apply via post:
If there is a will, you need to complete a PA1P form and if there isn't a will, you need to complete a PA1A form. You may need to complete the relevant Inheritance Tax (IHT) form depending on the estate. Call the HMRC helpline for probate and Inheritance Tax enquiries on 0300 123 1072 to request these forms, then send them to the address listed on the form along with:
To apply online:
You can apply for probate online on GOV.UK. You can pay online, although you need to send a copy of the will separately. You'll be asked how many copies of the grant you need.
If you're the executor of someone's estate, you have a legal responsibility to pay off any outstanding taxes and debts out of the estate before distributing it to the beneficiaries.
If you think there might be more debts than assets, the estate might be insolvent. In that case, you should seek professional help before you do anything else.
Before distributing the estate, it's a good idea to place what’s called a ‘statutory notice for creditors’ in the press, allowing 2 months for any claims to be made (though some probate specialists recommend waiting up to 10 months). If you don’t, you and any other executors are personally responsible for any claims that arise later down the line. If you place the notice, any future claims against the estate are made against the beneficiaries instead.
Before you report the value of the estate, check if you need to send details of the estate so that you can complete the correct forms if necessary. Some estates don't need to be reported for Inheritance Tax (IHT).
There's no IHT to pay on estates left entirely to a spouse, civil partner or charity.
Find out more about valuing an estate for Inheritance Tax on GOV.UK
IHT may have to be paid on the estate if it's worth more than the tax-free threshold of £325,000. If a house the deceased lived in before dying is left to their children or grandchildren, the threshold increases to £500,000. After that, IHT is payable at 40%.
If one partner dies and hasn’t used their tax-free allowance, this can be passed on to the surviving partner, giving them a higher threshold of up to £1,000,000 before IHT applies.
It's a good idea to get a professional valuation on high-value items like houses or stock market investments if there could be IHT to pay, because you need to give HMRC a detailed account along with valuations.
If the valuations aren't accurate, you may have to pay penalties.
To get an IHT form, you can either call the HMRC helpline for probate and Inheritance Tax enquiries on 0300 123 1072 or download one online on GOV.UK.
We offer support through our free advice line on 0800 678 1602. Lines are open 8am-7pm, 365 days a year. We also have specialist advisers at over 120 local Age UKs.
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