Grant of representation

Question 1

What is needed to make an application for a grant? (4)

Answer 1

1. original copy of will
2. death certificate
3. (IHT 400) and (IHT 421)
4. fee
5. notify relevant organisations to establish value of assets

Question 2

Why is a grant needed? State for executor and administrator

Answer 2

executor: to confirm authority to distribute the estate

administrator: to give authority to distribute estate

Question 3

What is needed for all grant applications? (2)

Answer 3

1. online application or paper form (PA1A or PA1P)
2. application fee

Question 4

What assets do not require a grant to be distributed? (2)

Answer 4

1. personal possessions and cash found in home
2. assets which fall outside the distribution estate:

a. jointly held
b. discretionary pension
c. life policy written in trust
d. other nominated assets
e. DMC
f. interest held in trust

Question 4

What paper form is used for grant application where there is no valid will?

Answer 4

PA1A

Question 4

What paper form is used for grant application where there is a valid will?

Answer 4

PA1P

Question 5

What are the 3 types of grants?

Answer 5

1. letter of administration
2. letter of administration (with will)
3. grant of probate

Question 6

When would you use the letter of administration (with will)?

Answer 6

There is a valid will but no executors able or willing to act

Question 7

When would you use the letter of administration?

Answer 7

no valid will

Question 8

When would you use the grant of probate?

Answer 8

valid will and executors have been appointed who are willing/able to act