Probate Advice Line
Probate is the word used to describe the legal process of administering the estate of a person who has died, and, after deducting debts and other liabilities, transferring that person's money and possessions to the people who will inherit them: their beneficiaries.
There are three main stages in the process of Probate:
- Collecting the information about all of the assets and liabilities of the deceased
- Preparing the statutory Tax Returns and the application to the Probate Registry for the Grant of Probate
- Gathering in the assets, paying the liabilities and expenses, and distributing the estate to the Beneficiaries