A probate is a form of process that administers the right of transferring property and assets to the beneficiaries through the involvement of a local court.
The DIFC wills and probate registry process could be referred to in some simple steps to help the beneficiaries and the deceased person conduct the process successfully without causing any inconvenience in transferring or receiving the property and assets.
The probate process also requires dealing with the settlement matters that include legal entitlement regarding the property even after the death of the person or the absence of a will.
The cost of making will in Dubai and the process of making will helps the people to secure the future of their family while the families also hire an executor or a legal representative to help them get through the process easily.
That’s why we have come up with a list of 5 simple steps of the probate process to help the people understand the process easily.
The process requires the beneficiaries and the executor to submit a list of decedent’s property and debts and a proper will. In case if the last will of the decedent is not available, the court then assigns a legal representative to execute the matter under the state laws.
- File a Petition
The process involves filing a petition to appoint an executor or an administrator so that they could assist in validating the will and conducting the whole process. The court then notifies the beneficiaries about the petition and announces the date of hearing for them.
The legal representative after properly following an appointment by the court notifies all the known creditors about making any claims on assets within a specific period under the state laws. The assets and the property of the decedent are then taken by the court for further assessment according to the state laws.
- Supply a list of debts, expenses, and taxes
The process also demands the legal representative to submit a list of all the creditor’s legitimate claims and the decedent’s estate assets so that all the debts, expenses, and taxes could be paid from the estate.
- Transfer of the property
After dealing with all the claims and bills, the probate court then allows transferring the assets to the beneficiaries according to the last will of the decedent. However, if there’s an absence of a will, the probate court allows the property to be transferred to the appropriate recipients through the legal representative.