What is a Grant of Representation ? The Grant of Representation is a court-issued document , which proves the executors’ entitlement to deal with the administration of the deceased estate. This could be by way of :
A Grant of Probate
Letters of Administration or a Certificate of Confirmation (Scotland).
Grants of representation issued by a Commonwealth country must be resealed by our High Court of Justice.
In our opinion it is essential to ensure that you consider doing the following:
Set up a new bank account (Mr or Mrs Deceased) and transfer all existing accounts into this and an monies you receive before distribution, so you have a complete audit trail.
Do keep the beneficiaries informed of your progress.
Never accept a verbal confirmation of anything – always obtain or draft a letter to confirm what was agreed and why.
Keep your records in good order.
This blog was published while UnaVida Wealth Management Ltd was authorised and regulated by the Financial Conduct Authority. It is retained for reference only. UnaVida Wealth Management Ltd has since withdrawn from the FCA and does not provide financial advice to retail clients. Nothing in this blog should be relied upon as advice.