How Long After Probate Is Granted Does it Take to Receive Inheritance?

Understanding how long it takes to receive inheritance after probate can be challenging, because there are many considerations and steps involved in the probate process. Here, our expert probate solicitors outline the key factors that can affect the timeline of estate administration, to help you understand how long probate could be expected to last and when you can expect your inheritance.

When a loved one passes away, their estate must go through probate before beneficiaries can receive their inheritance. Probate is the legal process of administering the estate and is required to make sure that all assets are distributed correctly. As such, a common question we hear from beneficiaries is: How long until I can get my inheritance?

The answer depends on many factors that can influence how long this process takes, including everything from the size of the deceased's estate to missing beneficiaries. Many of these factors are outside the executor's control, like selling property, how long banks take to release funds, the complexity of the estate, and any legal considerations that must be addressed before distribution.

In this guide, the experienced solicitors at Percy Hughes & Roberts explain the key steps after probate is granted, the typical timeframes for banks to release funds, and the factors that can delay the distribution of a deceased person's estate. If you have any questions we have not answered, our expert Wills, Trusts & Probate solicitors are happy to speak to you regarding your query and provide the legal services you need. You can contact us by completing the enquiry form below or by calling 0151 666 9090.

What Happens After Probate Is Granted?

Once probate has been granted, the estate administration process will begin. A grant of probate gives the executor or administrator the authority to legally collect, manage, and distribute the estate’s assets, which is what is generally referred to as the probate process. The executor's responsibilities during the probate process include:

• Collecting all assets – This includes bank accounts, investments, property, and personal belongings. The executor should make lists of all the deceased's assets so that they can be distributed according to the instructions left in the person's will.
• Settling debts and liabilities – Before the inheritance process can begin, the executor must settle any outstanding debts, including utility bills and any taxes. In some cases, this will include the need to pay Inheritance Tax, if the estate exceeds the relevant threshold.
• Selling property or other assets – If a property forms part of the estate, it may need to be sold, which can significantly delay the timeline.
• Notifying banks and financial institutions – These organisations will require a copy of the grant of probate before releasing funds. The executor must withdraw money, close bank accounts and keep detailed records of the value of the deceased's estate so they can distribute funds fairly. The executors will also require sight of the bank statements for the deceased’s bank accounts covering from date of death to date of closure.
• Distributing assets to beneficiaries – Once debts are cleared, the executor can distribute funds to heirs according to the will or intestacy rules.

The entire process typically takes between six to 12 months, but this varies depending on the complexity of the estate. The process can take longer if property needs to be sold or there are disputes about the will. Similarly, delays may arise during the probate application process, if incorrect information is given or if there are administrative problems within the Courts and Tribunals Service.

How Long Do Banks Take to Release Money After Probate?

Once probate has been granted, the executor or administrator can approach banks and financial institutions to request the release of the deceased’s funds. The typical timeframe for banks in the UK to process and release money after receiving the necessary documentation is usually between two to six weeks.

However, this can vary depending on the bank’s internal procedures, the complexity of the estate, and whether all of the required documents are submitted correctly. Delays can occur if there are outstanding debts linked to the account or if additional verification checks are needed, which can push back the timeline for when beneficiaries will receive their inheritance money.

Factors That Can Affect the Distribution of Inheritance

While some estates are straightforward, others can face delays due to the following factors:

• Bank policies and procedures: Each bank has its own internal processes for handling probate cases. Some process requests more quickly, while others have more rigorous checks that can take longer. Banks have probate thresholds that typically range from £5,000 to £50,000, although this varies between institutions. Larger amounts will almost always require a grant of probate, while estates worth less than £50,000 may be exempt from the probate application process.
• Documentation: Banks typically require several key documents, including:

• The original grant of probate (or a certified copy).
• A death certificate.
• Proof of the executor’s identity (e.g., passport, driving licence, and proof of address).

Any missing or incorrect documents can delay the process, as banks will not proceed until all requirements are met.

• Complexity of the estate: Administration of estates with multiple accounts across different banks, foreign assets, or complex investments may take longer to process, as each institution will conduct its own verifications. Similarly, any overseas assets (like property) may require the executor to deal with foreign estate agents and others, which can slow down the process.
• Outstanding debts or liabilities: If there are unpaid debts, banks may delay releasing funds until these are settled, especially if the accounts are linked to loans, credit cards, or mortgages.
• Administrative delays: External factors such as staff shortages, high volumes of probate cases, or delays within the probate registry can affect processing times.

Can Executors Distribute Funds Immediately After Probate?

While obtaining a grant of probate gives executors the legal authority to manage the estate, they cannot distribute funds immediately. Executors have a legal duty to settle all debts, taxes, and potential claims before distributing inheritance. Failing to do so could result in personal liability if unforeseen claims arise.

Some key considerations before distributing the estate include:

• Creditor claims: Executors should wait at least two months after placing statutory advertisements for creditors. This allows any outstanding claims against the estate to surface.
• Family provision claims: Under the Inheritance (Provision for Family and Dependants) Act 1975, individuals can contest the will within six months of probate being granted.

For full legal protection, some executors choose to wait up to 10 months after probate, covering both creditor and family claim periods. This forms part of the “Executor’s Year”, which allows executors and administrators time to gather all relevant information surrounding potential claims, debts, assets and cash.

Where there is low risk, interim payments can be made, provided enough funds are retained to cover potential claims. Executors should seek legal advice if they are unsure, and early distribution insurance may also be a reasonable option to help mitigate risks. You can read more about the Executor’s Year here.

Can Interim Payments Allow Beneficiaries to Receive Funds Sooner?

In certain circumstances, executors can make interim payments to beneficiaries before the estate is fully settled. This is usually possible when:

• Most of the estate’s assets have been collected.
• There are sufficient funds to cover outstanding debts, taxes, and potential claims.
• The risk of disputes or claims against the estate is low.

However, executors must exercise caution. If unexpected issues arise after an interim payment is made, the executor could be personally liable. Seeking legal advice before making interim distributions is recommended to manage this risk effectively.

Best Practices for Executors to Avoid Delays

Managing an estate efficiently can help prevent unnecessary delays in distributing inheritance and make the probate process more efficient. Here are some best practices for executors to follow:

• Prepare and organise documentation early: Make sure that all the required documents are accurate and complete, including the grant of probate, death certificate, and proof of the executor’s identity. Missing paperwork is a common cause of delays.
• Communicate promptly with financial institutions: Contact banks, insurers, and other relevant organisations as soon as probate is granted. Understanding their specific processes and requirements can speed up the release of funds.
• Settle debts and liabilities quickly: Identify and pay any outstanding debts, taxes, or expenses early in the process. This reduces the risk of claims that could delay final distributions.
• Advertise for creditors: While not legally required, placing statutory advertisements protects executors from personal liability for unknown debts. If advertisements are placed, executors should wait at least two months from the date before distributing the estate.
• Keep beneficiaries informed: Regular updates to beneficiaries can manage expectations, reduce stress, and prevent disputes that could slow down the process.
• Seek professional legal advice: For complex estates or where disputes may arise, consulting a probate solicitor can help avoid costly mistakes and legal risks.