Account Probate Sample With Case Laws
Description
How to fill out Contest Of Final Account And Proposed Distributions In A Probate Estate?
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FAQ
Letters of Administration are similar to a Grant of Probate but are issued instead to the next of kin of an individual who dies without a valid Will. If you have not made a Will, this means you have not appointed a specific person as your Executor to administer your Estate.
The probate is granted of the Will annexed, only upon the payment of the requisite Court Fee. In terms of Article 11 of Schedule I of the Act, Court Fee is payable at 4% of the ?value of the immovable property?.
The application for probate shall be signed and verified by the executor or beneficiary. The petitioner shall furnish a blank stamp paper of value equal to the requisite court fee, along with the application. The court shall grant the probate on the said stamp paper.
The executor statement of account should include: List of all debts and assets submitted with the application for probate. List of every cent that went out of and came into the estate, including the date. Reconciliation of current amount in bank account with everything that went out of and came into the estate.
Filling of a probate petition the time of occurrence of the death of the testator. Copy of the latest Will made by the testator. proof that the Will has been duly executed. the list of the assets to be bequeathed through the Will.