When will I receive my inheritance money?
Most people receive their inheritance money when probate is complete, which normally takes between 6-12 months.
Posts by Steve Gauke
Receiving inheritance money in the UK: process explained
When you receive inheritance money in the UK, a process called probate must take place. It can be a confusing legal process.
Paying Inheritance Tax without selling your property
You can pay Inheritance Tax without selling your property, but this means either using savings or applying for an Inheritance Tax loan.
How long can a solicitor hold inheritance money?
A solicitor can hold inheritance money for 6-12 months, but it can be longer if the estate is complicated or if there is no will.
Inheriting money from overseas – UK tax rules
UK tax rules can be confusing, especially if you are inheriting money from overseas, with multiple jurisdictions to navigate.
Why even wealthy clients face estate liquidity gaps
Inheritance tax needs to be paid before probate is granted. For clients without access to liquid funds – even those with multi-million-pound estates – that can be a problem.
What to do after inheriting money: your options explained
After inheriting money, you will need to make a plan, consult a financial adviser to work out your next steps, and deposit the money.
How to pay Inheritance Tax before probate
Inheritance Tax is paid before probate by either using your own funds, HMRC-approved referrals or taking out a specialist loan.
What if you can’t pay your Inheritance Tax bill?
If you can’t pay your Inheritance Tax (IHT) bill by the deadline, HMRC will charge interest on the outstanding amount from the due date.
Can I get an Inheritance Tax bridging loan?
Yes, you can get a bridging loan to help you pay Inheritance Tax (IHT). These loans are designed to cover IHT, which is due within 6 months.
