An applicant's status as the executor of the decedent's estate is officially recognized by a letter of administration without will. The chosen person is in charge of looking after the deceased's assets. This includes dispersing the estate's assets to the beneficiaries once the decedent's debts and other expenses have been paid.
If the decedent did not
leave a legal will, the inheritance will be divided as follows:
·
The Intestate Succession Act for estates.
·
You are a beneficiary if you are eligible
to receive a portion of the deceased person's estate.
·
Those who apply first
Typically, the magnitude
of a beneficiary's right to the decedent's estate determines their priority in
applying for a grant of letters of administration. The priority is higher for
those with greater entitlements. Letters of administration are typically
granted with preference to the dead person's spouse.
Less important recipients
could:
Apply alongside those who
have the right before you
If you have the
renunciation of the people having the prior right, submit your application.
Giving away one's application rights is the act of renunciation.
Prior to submitting a
grant application, ascertain:
What assets are available
Some assets, including
cash in the decedent's Central Provident Fund account, real estate held in
joint tenancy without an outstanding mortgage, and various insurance policies
with nominations, may be distributed without a grant.
a measure of the assets'
worth
If you meet certain
requirements, you might be eligible to petition for the Public Trustee to
administer the estate if the value of the estate.
Any foreign individual
who may be entitled to an estate or interest in real estate.
If so, the estate or interest
must be distributed to the beneficiaries within five years of the decedent's
passing or sold in accordance with the Residential Property Act.
How to apply for letters
of administration in steps
In situations where all
of the following apply, the procedure for submitting a request for letters of
administration is as follows:
·
No legal will was left behind by the dead.
·
You have a right to a portion of the
estate as a beneficiary.