The Executor of an estate has the responsibility to identify the assets of the deceased, paying off debts, if any, and finally distributing the assets amongst the beneficiaries. To be able to do so, the Executor usually has to apply for a Grant of Probate.
Let Danny Eid Lawyers help you to obtain probate.
What is Probate?
Probate is an order from the Supreme Court of New South Wales that states that the deceased’s will is valid. The Executor is then authorised to distribute the estate.
The process of applying for a grant of probate and executing the will may be daunting for you. It involves placing notices, and preparing and lodging documents with the Supreme Court.
At Danny Eid Lawyers, we can help you through the entire process and make your job as the executor easy and stress free.
Our Probate Services
We can help you through all stages of estate management including:
- Drafting all documents required by the Supreme Court of NSW.
- Placing the necessary advertisements as required by law.
- Helping you to transfer assets as required under the Will.
Is Probate Mandatory?
Probate is usually required. However, there are some situations where a grant of probate may not be necessary. It depends on a variety of factors, including but not limited to;
- How the property is registered, for example whether it is registered as joint tenants or tenants in common.
- Value of the property
- Creditors of the deceased person
- Whether the deceased person was entitled to money
- Institutional requirements (banks and superannuation funds)
Speak to Danny Eid Lawyers for legal advice so you can decide whether you need to apply for a grant of probate. We will assess your situation to identify the key issues and provide you with the right advice.