Understanding the Grant of Probate/Letters of Administration
When a loved one passes away, their estate – comprising assets, properties, debts, and obligations – needs to be properly managed and distributed. The Grant of Probate or Letters of Administration serves as an official and legal authorisation, providing the Executor or Administrator with the necessary legal authority to undertake the following tasks:
Estate Valuation and Inventory:
The Executor or Administrator assesses and documents the deceased’s assets, liabilities, and properties, creating an inventory that forms the foundation for estate distribution.
Legal Obligations
Legal requirements, including filing necessary documents and taxes, are met to ensure a smooth and lawful estate administration process.
Debt Settlement
Outstanding debts and liabilities are identified and settled from the estate, ensuring that the deceased’s financial obligations are duly met.
Estate Distribution
Once debts are settled, the remaining is distributed among beneficiaries as per the deceased’s will or the laws of Islamic inheritance law, known as Faraid.
Asset Management
The Executor or Administrator takes charge of managing assets during the probate process, safeguarding them until distribution.
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