The administration of an estate is carried out by the person who is appointed executor of the will. However the administration is far from straight forward and often involves a number of other legal requirements such as conveyancing and tax advice. If you require assistance with a grant of probate please feel free to give us a call for a no obligation quote.
Probate is essential for wills that are immovable assets in multiple states. The probate process is carried out by an executor appointed. Although dealing with this executor can be a tedious process sometimes and might involve other requirements. This is where we come into the picture; we aim to make your probate process hassle-free.
What is the probate process?
The probate process can be referred to as a legal act that usually needs to be carried out after a person passes away. In this process, one needs to issue a grant of representation from the probate office. If a person has been published this grant, they will have access to the deceased's assets. Probate is proof that a valid will exists, and it also gives assurance to probate officers that the will is accurate and reliable.
As mentioned, the probate process can sometimes get tedious. Going through all of it after losing a loved one can seem quite daunting, but it is important you get it done. Financial institutions may not be sure to whom the financial assets must be released. A probate process helps protect the beneficiary and gives the court proof of the valid will and assurance that the correct person administers the estate.
Documents required during the probate process:
- Notice of applications
- Oath of Executor
- Original Death Certificate
- Original Will
- Two Engrossments of Will
- Notice of Acknowledgment (Probate) Form received from Revenue Commissioners
- Inland Revenue Affidavit
Once you have all these documents in place, you can contact us to get the probate process started.
When is the probate process not required?
1. Firstly, we need to identify whether the representation of the grant is necessary or not. Generally, a grant representation is not required when all the assets of the deceased are under joint names; under these circumstances, the bank or corporation automatically transfers the assets to another joint.
2. Credit union account in which a third party is nominated in this the assets are legally transferred to the third party without any grant representation.
3. When the asset of the entire estate is available as a cash asset, which is valued under 25 thousand euros, often under these kinds of situations, the related financial institute releases all the funds.
Only a death certificate is required to have access to the deceased's will in the above situation. Apart from these above conditions, any other situation might give various applications to help you out.
The idea of drafting a will can be a daunting process for many and is often put on the long finger. However we can give you expert guidance to ensure that your wishes are provided for when the time comes.