What are Letters of Administration?
As executor of a will, it is your responsibility, if it is deemed that the Estate in question is valued at more than just a few thousand pounds (usually over £5000), to apply for a Grant of Probate or Letters of Administration, as part of the probate process.
This means that if the person died having prepared a Will, you must apply to the Probate Office for a Grant of Probate in order to begin the probate process. If no will had been made, this then changes from an application for a Grant of Probate to an application for Letters of Administration.
These documents are legally required before you will be able to deal with any financial matters, such as closing bank accounts or cancelling trust holdings and pensions. This of course also means that you will be unable to receive any money from the Estate until you have these documents in place. Bear in mind that you are likely to be charged a fee for receiving either a Grant of Probate or Letters of Administration.