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	<title>Beaumaris Law Archives | Beaumaris Lawyers and Conveyancers</title>
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	<title>Beaumaris Law Archives | Beaumaris Lawyers and Conveyancers</title>
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		<title>Understanding Probate</title>
		<link>https://beaumarislawyersandconveyancers.com.au/what-is-probate/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=what-is-probate</link>
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		<dc:creator><![CDATA[beaumaris]]></dc:creator>
		<pubDate>Fri, 13 Sep 2024 01:19:47 +0000</pubDate>
				<category><![CDATA[Beaumaris Law]]></category>
		<category><![CDATA[Estate Planning]]></category>
		<category><![CDATA[Probate]]></category>
		<guid isPermaLink="false">https://beaumarislawyersandconveyancers.com.au/?p=5062</guid>

					<description><![CDATA[<p>What is Probate? Probate is the legal process of managing a deceased person&#8217;s estate. When someone passes away, they often leave behind property, assets, and debts that need to be handled. This entire collection is known as the person&#8217;s &#8220;Estate.&#8221; If there is a valid Will, the process is called obtaining a &#8220;Grant of Probate.&#8221; </p>
<p>The post <a href="https://beaumarislawyersandconveyancers.com.au/what-is-probate/">Understanding Probate</a> appeared first on <a href="https://beaumarislawyersandconveyancers.com.au">Beaumaris Lawyers and Conveyancers</a>.</p>
]]></description>
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<p><strong>What is Probate?</strong></p>



<p>Probate is the legal process of managing a deceased person&#8217;s estate. When someone passes away, they often leave behind property, assets, and debts that need to be handled. This entire collection is known as the person&#8217;s &#8220;Estate.&#8221;</p>



<p>If there is a valid Will, the process is called obtaining a &#8220;Grant of Probate.&#8221; If there isn&#8217;t a Will, the process is known as obtaining &#8220;A Grant of Letters of Administration.&#8221; Both of these processes are collectively referred to as &#8220;A Grant of Representation.&#8221; These grants give the Executor (named in the Will) or the Administrator (closest next of kin) the legal right to administer the deceased person&#8217;s estate.</p>



<p><strong>Applying for a Grant of Representation</strong></p>



<p>To obtain a Grant of Representation, an application must be made to the Supreme Court of Victoria. This grant allows the Executor or Administrator to manage and finalise the estate.</p>



<p><strong>Do I need Probate in Victoria?</strong></p>



<p>Probate is usually required when a person dies, and their estate needs to be finalised. If the deceased left a valid Will, the Executor named in the Will typically handles the estate. They will need to apply to the Supreme Court of Victoria for a Grant of Probate (also known as Grant of Representation) to legally administer the estate.</p>



<p>In cases where there is no valid Will, the closest next of kin is generally responsible for finalising the estate. They will need to apply for a Grant of Letters of Administration to do so.</p>



<p>However, if the assets are of nominal value or held in joint names, a Grant of Representation may not be necessary.</p>



<p><strong>How Long Does Probate Take?</strong></p>



<p>The time it takes to finalise an estate can vary, but it generally takes about a year for the Executor or Administrator to complete the process. Here’s a simple breakdown of the timeline:</p>



<ol start="1" class="wp-block-list">
<li><strong>Issuance of Death Certificate:</strong> Once the death certificate is issued, the application process can begin.</li>



<li><strong>Identifying Assets and Liabilities:</strong> The Executor/Administrator must initially identify all assets and liabilities held by the deceased person.</li>



<li><strong>Advertisement:</strong> An advertisement is placed on the Supreme Court website, alerting the public of the application. This must run for 15 days before filing the application with the Court.</li>



<li><strong>Preparing the Application:</strong> Once the Death Certificate is issued and the assets and liabilities have been identified, Beaumaris Lawyers &amp; Conveyancers can prepare the Grant of Representation Application.</li>



<li><strong>Filing the Application:</strong> After the advertisement period, the application is filed with the Court.</li>



<li><strong>Grant Issuance:</strong> The Court usually takes about 3-6 weeks to issue the Grant of Representation. If there is no Will, the timeframe can be shorter, sometimes even happening the same day the application is filed.</li>
</ol>



<p><strong>Finalising the Estate</strong></p>



<p>Once the Grant of Representation is issued, the Executor or Administrator can begin administering the estate. This involves settling debts, calling in all assets according to the Will or intestacy laws, and completing any other necessary tasks to finalise the estate.</p>



<p><strong>What is the time limit for executor to distribute a deceased estate in Victoria?</strong></p>



<p>It is recommended that no distribution of the Estate takes place for a period of six-months after the date of Grant of Representation is made, as a claim could be made against the Estate for further provision.</p>



<p>Part IV of the <em>Administration &amp; Probate Act 1958 (Vic)</em> allows an “<em>eligible person</em>” to bring a claim for further provision if they have either not received sufficient provision from the Estate or nothing at all.</p>



<p>Once the six-month limitation period has passed, the Executor/Administrator can administer the Estate according to the terms of the Will or pursuant to intestacy law.&nbsp; If there is any variation required to this, a Deed of Family Arrangement will need to be entered into.</p>



<p><strong>Claims Pursuant to Part IV of the Administration and Probate Act 1958 (Vic)</strong></p>



<p>If you feel you been unfairly left out of a Will or received no provision at all and qualify to bring a claim, then Beaumaris Lawyers &amp; Conveyancers can assist you in your claim against the Estate.</p>



<p>Understanding probate can help you navigate the process more smoothly during a challenging time. If you have any questions or need assistance with <a href="https://beaumarislawyersandconveyancers.com.au/service/probate-and-deceased-estates/">what probate involves</a>, don&#8217;t hesitate to seek professional advice by contacting Beaumaris Lawyers &amp; Conveyancers via <a href="https://beaumarislawyersandconveyancers.com.au/contact/">email </a>or call us on (03) 9589 5444.</p>



<p></p>
<p>The post <a href="https://beaumarislawyersandconveyancers.com.au/what-is-probate/">Understanding Probate</a> appeared first on <a href="https://beaumarislawyersandconveyancers.com.au">Beaumaris Lawyers and Conveyancers</a>.</p>
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		<item>
		<title>Sell Your Property</title>
		<link>https://beaumarislawyersandconveyancers.com.au/selling-property/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=selling-property</link>
					<comments>https://beaumarislawyersandconveyancers.com.au/selling-property/#respond</comments>
		
		<dc:creator><![CDATA[blc_admin]]></dc:creator>
		<pubDate>Thu, 11 Nov 2021 10:19:16 +0000</pubDate>
				<category><![CDATA[Beaumaris Law]]></category>
		<category><![CDATA[Conveyancing]]></category>
		<category><![CDATA[Property Law Victoria]]></category>
		<category><![CDATA[Selling Property]]></category>
		<guid isPermaLink="false">https://barristar.wpocean.com/?p=177</guid>

					<description><![CDATA[<p>Once you’ve made the decision to sell your property, one of the first tasks is to have the Contract of Sale and Vendor’s Statement prepared. Contract for Sale of Land and Vendors The Contract will include not only the legal terms and conditions of sale, but will also specify what items are included or excluded </p>
<p>The post <a href="https://beaumarislawyersandconveyancers.com.au/selling-property/">Sell Your Property</a> appeared first on <a href="https://beaumarislawyersandconveyancers.com.au">Beaumaris Lawyers and Conveyancers</a>.</p>
]]></description>
										<content:encoded><![CDATA[<h2>Once you’ve made the decision to sell your property, one of the first tasks is to have the Contract of Sale and Vendor’s Statement prepared.</h2>
<h3>Contract for Sale of Land and Vendors</h3>
<p>The Contract will include not only the legal terms and conditions of sale, but will also specify what items are included or excluded from the sale, and any other special requirements you might have, for example a longer or shorter settlement than usual, or perhaps that the contract be conditional upon another contract for you to buy your next property. There are a lot of ways that a contract can be varied, so it’s important to discuss your situation in detail with us at Beaumaris Law.</p>
<p>You also need to know your disclosure responsibilities, as failing to disclose certain things can lead to problems.</p>
<h3>Settlement</h3>
<p>Leading up to settlement, if you have a mortgage, we will liaise with your bank in relation to releasing any mortgage held on the property. In this time you should arrange disconnection of electricity and other services to take effect on the settlement day.</p>
<p>Before settlement the purchase price will be adjusted to reflect the council rates, water rates and owners corporation fees that need to be shared between the parties. There may be other adjustments, based on the Contract of Sale.</p>
<p>Whether you’re a first-time homebuyer or a seasoned property investor, understanding the process of <a href="https://beaumarislawyersandconveyancers.com.au/understanding-conveyancing-a-beginners-guide/">conveyancing</a> is crucial. <a href="https://beaumarislawyersandconveyancers.com.au/contact/">Contact us</a> to discuss the sale of your specific property with an <a href="https://beaumarislawyersandconveyancers.com.au/attorney/aleshia-ling-sutton/">experienced</a> Conveyancer today!</p>
<p>The post <a href="https://beaumarislawyersandconveyancers.com.au/selling-property/">Sell Your Property</a> appeared first on <a href="https://beaumarislawyersandconveyancers.com.au">Beaumaris Lawyers and Conveyancers</a>.</p>
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			</item>
		<item>
		<title>Buying Property</title>
		<link>https://beaumarislawyersandconveyancers.com.au/buying-property/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=buying-property</link>
					<comments>https://beaumarislawyersandconveyancers.com.au/buying-property/#comments</comments>
		
		<dc:creator><![CDATA[blc_admin]]></dc:creator>
		<pubDate>Thu, 11 Nov 2021 10:16:56 +0000</pubDate>
				<category><![CDATA[Beaumaris Law]]></category>
		<category><![CDATA[Property Law Victoria]]></category>
		<guid isPermaLink="false">https://barristar.wpocean.com/?p=173</guid>

					<description><![CDATA[<p>Buying property (home or commercial) is one of the most stressful and expensive things you will ever do. It’s vital that you seek legal advice from someone experienced in property law. Before You Start The first round of decisions you will likely need to make is in regard to finance. Make sure you read everything </p>
<p>The post <a href="https://beaumarislawyersandconveyancers.com.au/buying-property/">Buying Property</a> appeared first on <a href="https://beaumarislawyersandconveyancers.com.au">Beaumaris Lawyers and Conveyancers</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<p><h2>Buying property (home or commercial) is one of the most stressful and expensive things you will ever do. It’s vital that you seek legal advice from someone experienced in property law.</h2><br><h3>Before You Start</h3><br><p>The first round of decisions you will likely need to make is in regard to finance. Make sure you read everything thoroughly, and request full details of the fees and charges to which you’ll be subject. Remember – you are entitled to legal advice and are under no obligation to sign anything on the spot.</p><br><h3>Pre-purchase Inspections</h3><br><p>Once you have found a property you like, you may wish to arrange a pre-purchase building inspection report and perhaps a pest inspection report. These are written reports about the condition of the property and help you find out any potentially costly problems. We recommend including conditions in the Contract, before it is signed, as to building and pest inspections. Speak with us regarding the wording of these conditions.</p><br><h3>Making an Offer</h3><br><p>If you’re happy to proceed, you can make an offer. It does not mean that the property is yours yet, as the agent can take other offers.</p><br><h3>Signing the Contract</h3><br><p>If your offer is accepted then bring the contract to us at Beaumaris Law and discuss your situation with us. You need to be absolutely clear on your rights and responsibilities before signing.</p><br><h3>Settlement</h3><br><p>After the contract has become binding, we have a number of tasks to perform including:</p><br><ul><br><li>Liaising with the lender in regard to the mortgage</li><br><li>Checking with various government authorities to see if they have any interest in the property</li><br><li>Checking to see if there are any outstanding debts to local council</li><br><li>Calculating adjustments for council, water and strata rates</li><br><li>Making final checks on the title</li><br></ul><br><p>On settlement day your we will attend to settlement on your behalf.</p><br><p><a href="https://beaumarislawyersandconveyancers.com.au/contact/">Contact us</a> to discuss the specific property you are considering buying.</p></p>
<p>The post <a href="https://beaumarislawyersandconveyancers.com.au/buying-property/">Buying Property</a> appeared first on <a href="https://beaumarislawyersandconveyancers.com.au">Beaumaris Lawyers and Conveyancers</a>.</p>
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