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You’ve inherited, now what?
Learning that you’re the beneficiary of an inheritance can be an emotionally loaded time. Considering an inheritance typ...
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If you’re named as Executor in a Will, you may first need to apply for Probate.
Probate is the Supreme Court’s recognition that the Will is legally valid and that you (as Executor) are authorised to deal with the Estate. Probate is not always required, but these days will probably be required in many cases.
There are three main types of Probate:
1. Grant of Probate – valid Will and Executor named in the Will is applying.
2. Grant of Letters of Administration of the Will – valid Will and someone other than the Executor named in the Will is applying.
3. Grant of Letters of Administration on intestacy – no valid will exists and the authorised person will be an Administrator.
Watch the video to find out more or speak to our Ulton Wealth Management team.
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