Virgin Islands Petition to Probate Lost Will

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Multi-State
Control #:
US-02168BG
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Word; 
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Description

Probate is the process of proving a will is valid and thereafter administering the estate of a dead person according to the terms of the will. It is a judicial act or determination of a court having competent jurisdiction establishing the validity of a will. First the will is filed with the clerk of the appropriate court in the county where the deceased person lived, along with a petition to have the court approve the will and appoint the executor named in the will (or if none is available, an administrator) with a declaration of a person who had signed the will as a witness. If the court determines the will is valid, the court then "admits" the will to probate.


The best evidence of the contents of a lost or destroyed will is a copy or draft of the will that is clearly and satisfactorily identified, if it can be obtained, and ordinarily this is sufficient. For example, an Arkansas court held that a finding that a photocopy was a copy of a lost or destroyed will should be sustained in view of the fact that the testimony of the attesting witnesses and the attorney as to how, when, and where will was signed was not in conflict.


This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.

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FAQ

Usually jointly-held assets and beneficiary-designated assets are excluded from probate. Generally, only assets that are in a deceased person's name without a beneficiary designated are subject to probate.

If you are certain there is a Will and/or Revocable Trust but the interested parties will not provide you with a copy, you can consult an experienced probate litigation attorney regarding petitioning the probate court to force production of the document.

A grant of probate confirms the validity of a will appoints an executor - and gives the executor legal authority to administer the estate, while a grant of administration appoints an administrator when there is no will or when the executor is unable or unwilling to act.

One of the requirements in a Florida probate administration is that the original copy of the decedent's (the person who died) will needs to be filed with the clerk of court in the county where the probate is happening.

Probate Fees Application Fee ? Maximum of $24.00. Registration Fee ? Maximum of $500.00.

The fees are dependent on the value of the estate and each document filed with the court and can be upwards of US$7,000. The application is not subjected to inheritance tax as there are no taxes in the BVI.

The disadvantages of probating a will are many. The probate process is expensive, time consuming, and intrusive. Court costs, attorney fees, personal representative fees, bonds, and accounting fees all add up.

A BVI grant of probate, or letters of administration, is required to validly deal with BVI assets held by a deceased person. This is most commonly required for shares in a BVI company (or other entity).

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Virgin Islands Petition to Probate Lost Will