Understanding the Probate Process
Probate is the legal process of administering a deceased person's estate. This process involves validating the will (if one exists), appointing an executor or administrator, identifying and valuing assets, paying debts and taxes, and distributing the remaining estate to beneficiaries.
The probate process typically begins with filing an application for a Grant of Probate (if there is a will) or Letters of Administration (if there is no will) with the court. The executor or administrator must gather all relevant documents, including the death certificate, will, and information about the deceased's assets and liabilities.
Once the grant is obtained, the executor can legally deal with the estate's assets, such as closing bank accounts, selling property, and distributing assets according to the will or intestacy laws. The process can take several months to over a year, depending on the complexity of the estate.
At present, the projected timeline for a Grant of Probate/Letters of Representation to be issued by the Registry is approximately two years, so gathering documentation early and ensuring accurate filings is essential to avoid further delays.
Note: This information is for educational purposes only and does not constitute legal advice. Each probate matter is unique and requires individual assessment.