Agricultural Estates and Probate

The Court that deals with applications for Grant of Probate and Letters of Administration.

The tax, currently charged at 40%, that is due when the value of an estate exceeds the threshold for tax free inheritance set by the government. Estates passing between spouses are not subject to IHT.

The document issued by the Probate Registry that gives formal authority for the executors to act in dealing with an estate when someone dies. It gives them the authority to access bank accounts, settle debts, sell assets and distribute the deceased’s estate to their beneficiaries in accordance with the will.

The person or persons appointed in a will to deal with the administration of a deceased person’s estate. This could involve dealing with the deceased’s bank account, selling properties and distributing money to the beneficiaries named in the will.

The person (often a relative) approved by the Probate Registry to deal with the estate of someone who has died without making a will.
The term can also mean an Insolvency Practitioner responsible for running a company that has entered Administration.