For your convenience, the complete English version of this form is attached below the Spanish version. This form is a last will and testament, adaptable to most situations. It is used to designate how your property will be distributed among your heirs.
Virgin Islands Ultima Voluntad y Testamento - Last Will and Testament
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Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. Se trata de un testamento y última voluntad, adaptable a la mayoría de las situaciones. Se usa para designar de qué manera se distribuirán sus bienes entre sus herederos.
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FAQ
Generally, estates cannot realistically close before six months after the decedent's death because the surviving spouse has the right to make her claim for an elective share within that six months.
First, don't rush. Virginia has no set time limit for settling an estate. You can take the time you need to grieve and get your affairs in order before you settle the estate. However, Virginia courts do generally recommend that you start the process within a week to 30 days after the funeral.
The Bahamian Will must be in writing (with limited exceptions). The Bahamian Will must be signed by the testator/testatrix at the foot or end of the Will or by someone both in the presence and by the direction of the testator/testatrix.
Length and Commitment of Process. A person can expect for the probate process in Virginia to take anywhere from six months up to a year or more. Generally, there is a creditor period, so an estate cannot be completely distributed and closed prior to the expiration of the six-month period.
People who die with valid wills in place rely on the executor(s) of their wills to file an application for grant of probate with the court. The application is made to the Probate Registry of the Supreme Court of The Bahamas in the executor's personal capacity.
Usually in uncontested matters Probate is granted to the Executor(s) four (4) to six (6) months from the date of the filing of the application.
In order to obtain the Grant of Probate, the executor is required to make an application submitting the original will to the Probate Registry of the Supreme Court. If the application is approved, this Grant of Probate essentially validates the will and vests the authority in the executor to distribute the assets.
Assets that typically make up an estate include: your home, and any other property you own. savings in bank and building society accounts. National Savings, such as premium bonds.
While wills might be registered, they (and other estate documents) are not publicly available.
Typically, after death, the process will take between 6 months to a year, with 9 months being the average time for probate to complete. Probate timescales will depend on the complexity and size of the estate. If there is a Will in place and the estate is relatively straightforward it can be done within 6 months.