Probate in Queensland
If you are the executor of a will in the Bundaberg area, you may require a grant of probate to deal with the assets and liabilities of the estate. Contact us today to arrange this, as it needs to come from the Supreme Court.
A Grant of Probate will mean that the will is valid and will allow you to administer the estate, according to probate law. This will enable you to:
- Gain access to bank accounts and superannuation funds;
- Transfer real estate and other assets;
- Pursue claims and receive compensation;
If someone dies without a legal will, the law decides who receives the estate. If this happens, letters of administration have to come from the Supreme Court to allow the assets and liabilities of the estate to be dealt with. Letters of administration will give an administrator the ability to manage the deceased estate and distribute assets.
If you’re not sure if you need a grant, consider the following to decide if you need to make an application:
- Did the deceased own property?
- If so, where was it and what is the value?
- Are there banks, share registries, insurance policies, and superannuation company requirements involved?
- Was the deceased involved in court proceedings before they died that may be continued by the estate?
Usually, as executor, you are entitled to reimbursement from the estate if there were any out of pocket costs when making an application for a Grant of Probate or letters of administration, as well as when dealing with the assets and liabilities of the estate.
For over 60 years Finemore Walters & Story have provided caring, hands on advice to thousands of the region’s families, individuals, and institutions. Trust tradition – give us the opportunity to support you, if you believe you may require a grant of probate and letter of administration.
Contact Us or call us today at (07) 4153 0000!