TRUST AND EXPERIENCE

Appointed executor – where to now?

In many cases you will need to obtain a Grant of Probate, sometimes referred to as a Grant of Representation or a Grant of Letters of Administration.

Depending on the size and nature of the assets in the estate, a bank or financial institution may require you to provide them with a Grant of Probate before they will release the funds or assets to you. The requirement can arise where, for example, a bank account has as little as $15,000.00 in it at time of death.

The application for a Grant of Probate is a formal Application to the Court, involving advertisements, affidavits and exhibits. Generally, an application takes an average of 3 months. This period can easily blow out if the application is deficient in any way as the Court will not issue a Grant of Probate unless all procedure has been adhered to.

Probate application lawyer
WHAT YOU NEED TO KNOW

Grant of Letters of Administration

A Grant of Letters of Administration is where a person has died without a valid will (the person has died intestate). Someone will have to obtain such a Grant from the Court to enable the administration of the estate to be undertaken. Without such a Grant, banks and financial institutions will not release the assets or funds.

A Grant of Letters of Administration is a more complex application and it is strongly recommended that you seek proper legal advice before undertaking such an application.

Obligation free consultation

To find out more about our services,
please feel free to contact us for an obligation-free consultation to see what we can do for you.

TOP