Agreement Letter Of Administration

It allows you to manage (divide and distribute) the property left by the deceased without a valid will. The grant of the succession is a legal confirmation by the court that the will is valid. Financial institutions that need an estate want to ensure that the will is valid and that the executors mentioned are the right people responsible for managing the estate before they are released. . Many people worry that if they die without a valid will, their money will go to the government. Indeed, the intestacy provisions of the Wills Act provide for a wide range of beneficiaries who obtain claims in a kind of hierarchy, which even picks up on cousins and distant relatives. Why is this necessary? If the deceased died without making a will, it means that no particular person was tasked with managing the estate. “It`s very rewarding to know that I`m helping people who have placed their trust in me.” If the deceased has made a will, the power conferred by the court is called the attribution of the estate and the person related to the estate is called the “executor of the will”. . . .

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