A grant of probate is necessary to distribute an individual’s assets after their demise. It is a legal order that allows the appointed executor to settle their debts and distribute the net assets among the beneficiaries. If your loved one has left a will for you and your family members, our lawyers at Cube Law will help you receive the probate grant and streamline the probate procedures.
The grant of probate provides the will executor with the authority to carry out the deceased person’s estate management wishes. The probate grant protects anyone responsible for handling large sums of money and large-scale assets (including the executor).
If an individual passes away without a will, their loved ones must obtain a Grant of Letters of Administration.
You should apply for a probate grant if your loved one has one or more of these assets in their name:
This does not apply to the trust a deceased individual created beforehand and transferred their assets therein. You will also not need a grant for probate while dealing with joint ownership properties.
A probate grant is needed to authenticate an individual’s demise and the appointment of an executor responsible for managing their wealth. It gives the concerned executor administrator to pay off debts and distribute the remaining assets to the beneficiaries as per the will (if present).
It all starts when the executor gets hold of the original and authentic copy of the will. They should then hire an experienced lawyer to help them file an application and follow the legal steps involved in obtaining their probate grant. The lawyer will then guide the executor with filing an application which the court will review before granting probate.
Not having a will can be risky as your family members will not have an authentic and legal document to rely on when it comes to estate management after your demise. If you want to avoid the lengthy probate process, you can opt for other estate management and wealth distribution means like setting up a family trust.
We know life can be challenging. Unforeseen circumstances and unplanned events can mean big changes. That’s why we’re here. We bring the right support, guidance, advice and assistance to help you navigate the tough times…and make life just a little bit easier to handle.
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