Why You Need a Will and Probate
A valid will is an essential part of estate planning and can help ensure that your assets are distributed according to your wishes. Having a will can also help avoid the possibility of your assets being distributed according to the laws of intestacy, which can result in an unfair distribution of your estate. If you have a will, you still need to apply for a grant of probate. Probate is necessary to give effect to the distribution of a will of a deceased person to their beneficiaries.
What is a Probate?
Probate involves making an application to the Supreme Court of NSW for a grant of probate, which is required prior to the distribution of the deceased person's estate to their beneficiaries. This grant of probate from the Supreme Court of New South Wales authorises the executor/trustee named in the will to collect and distribute the assets of the deceased estate in accordance with the specific wishes in the will.
To learn more about preparing a will, visit the Wills & Estate Planning page
How is a Deceased Estate Provisioned?
The provisioning of a deceased estate involves many steps, including:
- Identifying and valuing the assets of the deceased estate
- Paying debts and liabilities of the deceased
- Obtaining a grant of probate
- Collecting and distributing the assets of the deceased estate to the beneficiaries
At Langenberg Law, we understand that dealing with the administration of a deceased estate can be emotional. We will guide you through the process and provide you with the support you need to ensure a smooth and efficient distribution of the assets of the deceased estate.
If you require assistance with probate and deceased estates in Sydney, contact Langenberg Law on (02) 9629 7725 OR 0400 675 116 for a consultation.