Excepted Estates – When is Probate not required?

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Probate

Probate is generally required where assets (of more than £5k) are held in the deceased’s name.

A grant of probate is the legal authority given to executors to allow them to ‘administer’ a deceased’s estate. Think of it like the ‘driving license’ – the legal authority (and only legal authority) that permits executors to do their job.

How executors obtain that grant of probate will depend on a number of factors.  If an estate is deemed ‘excepted’, it provides a simpler route through to obtaining the grant of probate.  However, even if excepted, there may be occasion where no grant of probate is needed come what may.

Do Executors always need Probate?

There are some exceptions where a grant of Probate may not be needed by the executors. This might include where any assets were held jointly with other people (so something called the ‘right of survivorship’) applied to the assets and they passed automatically to the surviving joint owner and irrespective of any will.

Also, the estate might be sufficiently small in value to remove the need for probate – ie banks might agree to release funds without seeing a grant of probate.  They will often ask the executors to sign some sort of indemnity in these circumstances.

Who decides if Probate is needed?

Circumstance (not people) decide whether probate is needed or not.  In a nutshell, where there are assets that need to be dealt with (for example in the deceased’s sole name), then probate will probably be required.

For example, banks will invariably insist on seeing a grant before they pay out the balance of a deceased’s bank account to the.  So, it is at that the stage of the estate of ‘realising assets’ that decides whether probate is needed or not.  Read more about realising assets in our article ‘How do Executors realise assets during Probate

Does Probate need an Oath to be sworn?

Probate applications have come a long way, from having to swear an Oath and submit a bunch of paperwork to an online application process where the Probate Registry no longer requires wet signatures.

Get started applying for probate on the Govt website ‘Applying for Probate

What is an Excepted Estate (where Probate is not needed)?

An estate can of course be excepted, but still need a grant of probate.  As above, the assets of an estate will determine if a grant of probate is needed.  And, the excepted estates provisions will simply determine which route to obtaining that grant of probate the executors of the estate need to follow,

The concept of an excepted estate is not new, though recent changes (which came into force on 1 January 2022) have streamlined the excepted estates process further.  In essence, it is now even easier for probate practitioners and individuals to obtain the Grant of Probate where an estate is considered an “excepted estate”.

Although you still need to value the estate and compile information about the estate, there is no longer a requirement for a form IHT205 to be completed and submitted with your probate application.

What are the Requirements of an Excepted Estate?

An estate is deemed to be an ‘excepted estate when one or more of the following applies:-

  1. the value the estate is below the inheritance tax nil rate band threshold (currently £325,000);
  2. the estate is worth £650,000 or less and any unused threshold is being transferred from a spouse/civil partner who died first;
  3. the total value of the estate is below £3mil, and the deceased left everything to a non chargeable beneficiary (eg spouse/civil partner living in the UK or to a qualifying charity). This has been increased from £1 million prior to the 2022 changes – meaning that more estates now fall into the ‘excepted estates’ category
  4. the deceased was living permanently outside the UK when they died and the value of their UK assets is under £150,000.

If Inheritance Tax (IHT) is payable, then Probate will be required.

What is NOT an Excepted Estate?

Any estate which requires Inheritance Tax (IHT) to be paid can not, by definition, be deemed an excepted estate. A full probate application will be needed as will information need to be submitted to the Revenue, along with IHT being paid.

Technically speaking it would be possible for an estate to be liable to IHT, or otherwise NOT an excepted estate, but still not need a grant of probate to deal with the assets.  This is rare, and would require (for example) something like all assets being held jointly with others (who were chargeable beneficiary for IHT purposes).  This would mean the right of survivorship would apply dealing with the transfer of ownership without a grant needing to be presented.

When does an IHT form need to be submitted for Probate?

So, if an estate is NOT deemed ‘excepted’, a full IHT return will be needed, even if there’s no tax payable.  Those factors taking an estate out of the excepted estates rules include:-

  1. the deceased my lifetime gifts over £250,000 in the 7 years before they died
  2. if the estate includes a trust you may need to complete a full account and you should seek legal advice
  3. had a life insurance policy that paid out to someone other than their spouse/civil partner,
  4. gave gifts then continued to benefit from them in the 7 years before they died (read more about Gifts with Reservation of Benefit)
  5. left an estate worth more than £3 million (irrespective of whether it passes to a chargeable or non chargeable beneficiary
  6. had foreign assets worth more than £100,000
  7. was “deemed domiciled” outside the UK
  8. was living permanently outside the UK when they died but had previously lived in the UK

What has changed with Probate (Excepted Estates)?

Once you’ve determined that an estate is an ‘excepted estate’ and there’s no tax to pay, you no longer need to give full details of the estate to HMRC.

The old IHT205 & IHT217 forms are now not needed, and you need to simply complete the probate application online. You still need to value the estate and compile all the information, as you will be asked to give details of the gross and net values, which then appear in the Legal Statement that the executors need to sign to make the probate application.

Read more about How to Value assets for Probate

If the estate falls outside of the excepted estate provisions, a return is still needed to be submitted to HMRC (and initial instalment IHT paid) before the Probate Registry and process the application for the grant of probate.  Read more about When do you pay Inheritance Tax (IHT).

What limit is there on an Excepted Estate?

The gross estate limit for an excepted estate has also been increased from £1 million to £3 million, meaning that, if the estate is less than £3 million and no IHT is payable after applying relevant exemptions and reliefs (eg the assets pass to a spouse/civil partner or a charity) the Executors can apply for the grant using the process above and without having to submit the IHT400 to HMRC.  Read more about Inheritance Tax Reliefs and Exemptions

Free Legal Guide

We hope you have found this free legal guide helpful.  Do please remember that it is just that – a guide.  And so, it should NOT be taken as legal advice.  That said, our expert team of probate solicitors are here to help – so do reach if you need legal advice.  You can email us, call, or leave a comment below.  Meantime, a big thank you for visiting QLAW – the home of all things legal!

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