Probate Sales

What documents do you need if its a Sale by a Sole survivor of joint proprietors who are holding as Tenants in Common

• Death Certificate and Probate

• Power of Attorney

• Second Trustee to sign the TR1

• Primary ID from appointed Trustee

What documents do you need for a Sale by Personal Representatives following the death of sole proprietor who did not have a Will?

• Grant of Probate

• Death Certificate and Letter of Administration

• Power of Attorney

• Death Certificate only

What documents do you need for a Sale by a Sole survivor of joint proprietors who were joint tenants?

• Death Certifcate

• Letters of Administration

• Probate

• Power of Attorney

What documents do you need for a Sale by Personal Representatives following death of a sole proprietor who did have a Will? 

• Letter of Administration

• Death Certificate

• Power of Attorney

• Probate

Roughly how long does it take for the client to obtain Probate or Letters of Administration?

• 6-8 weeks

• 8-12 weeks

• 4-6 weeks

• over 3 months

When receiving a copy of the Grant of Probate or Letter of Administration from the client, in what format do you require these documents? Select all that apply

• Need the originals

• Need certified copies of the original

• Photocopy of the document

• Scanned copy in colour

On completion of the sale, who do you send the Sale proceeds back to on a Probate Sale? Select all that apply

• The deceased owner

• The Executors personal account

• A dedicated Executor Account

• To the Lawyers account who is administering the Estate

What is a Letter of Administration?

• Issued when someone has died with a WIll

• Issued when someone has died without a Will

• Details where Sale proceeds need to be sent to

What Title Guarantee should be added to the Contract and TR1 on a Probate sale?

• No Title Guarantee

• Limited Title Guaranee

• Full Title Guarantee

If a Trustee needs appointing for the TR1 who should this ideally be?

• The Sellers Conveyancer

• Ideally a another Executor if there is more than one in the Grant

• Someone within the family of the person dealing with the sale of the property

• The Estate Agent