We understand that the death of a family member or a friend is a sad and traumatic event. We have many years experience in guiding our clients through the probate process and the distribution of the deceased’s Estate.
We encourage our clients to hand the entire process over to us and we will deal with the matter sensitively, quickly and cost effectively.
A Grant of Probate or Letters of Administration are usually required following a person’s death. These are documents which must be applied for before the deceased person’s Estate can be distributed amongst the persons named in the Will or, where there is no Will, amongst the surviving relatives.
We have many years of experience in Extracting Grants of Probate or Letters of Administration and distributing the deceased person’s Estate. The steps we take are as follows:
Step 1 – Gathering the Assets
We will work with you to determine all assets and liabilities of the deceased person. Houses, cash, shares and other property are identified and valued. Similarly, all of the deceased debts and liabilities are identified and valued.
Step 2 – Obtaining Tax Clearance
We will then complete an Inland Revenue Affidavit which is a document that sets out all the assets and liabilities of the deceased person and identifies any Capital Acquisitions Tax due to Revenue.
Step 3 – Application for Grant of Probate or Letters of Administration
Once the Inland Revenue Affidavit is completed we will prepare and lodge all remaining documentation in the Probate Office or District Probate Registry in application for the Grant of Probate or the Grant of Letters of Administration. It usually takes 2-3 months for the Grant to Issue.
Step 4 – Distribution of Estate
Once the Grant of Probate or Grant of Letters of Administration has issued we can then divide the assets of the deceased person’s Estate amongst the beneficiaries named in the Will or, if there is no Will, in accordance with the Rules of Intestacy. If there is a house or other property being sold as part of the deceased person’s Estate, the sale can only proceed once the Grant is obtained. Any debts of the deceased are also settled at this point.
Step 5 – Completion of Executor’s Account
The final stage on the process is when we complete an Executor’s Account which details all money and assets taken in and distributed out in accordance with the Will or, where there is no Will, in accordance with the Rules of Intestacy.
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