Your “estate” consists of all the things that you own at death. Therefore, you “estate” can comprise of your bank accounts, properties, car, clothes, jewellery and shares.
When someone passes away, the assets are transferred in two ways:
In order for your assets to be transferred to the rightful beneficiaries, the Executor or Administrator needs to apply to court to be given the authority to deal with your estate. This process is called “probate."
The Executor (if there is a Will) or the Administrator (if there is no Will) is the person who is in charge of transferring (giving) your estate assets to the rightful beneficiaries. The Executor’s main duties are to collect all your assets, pay off your debts, pay your taxes and debts, and finally, distributing the residue of the estate to the beneficiaries.
Probate is the process of applying to court for the will to be recognised and for the Executor to be authorised to deal with the estate.
Yes, probate is necessary if you wish to have access to the deceased person’s assets and to distribute them to the rightful beneficiaries. As an example, if the deceased has a bank account, the bank will not release the monies unless the Executor can produce the Grant of Probate.
How much are Probate fees?
At PKWA Law, our probate fees are among the most affordable in Singapore. Our probate fees start from $1,200.
About PKWA Law Practice
Established since 1988, PKWA Law is one of Singapore's most well known and largest family law firms, specialising in divorce law, family law, wills and probate. We are consistently named as a leading family law firm by respected legal publications such as Asian Legal Business, Singapore Business Review, Global Law Experts and Doyle's Guide to Singapore Family Lawyers.
Conveniently located at HDB Hub, PKWA Family Law charges affordable fixed fees for probate that are catered for the average Singaporean.
Contact us at tel 6854-5336 for a free first consultation.
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