PROBATE MANAGEMENT SERVICE

FAQs

  • WHAT IS PROBATE?

    When a person dies, his or her estate must go through probate, which is a process overseen by a probate court. If the decedent leaves a will directing how his or her property should be distributed after death, the probate court must determine if it should be admitted to probate and given legal effect. If the decedent dies intestate—without leaving a will—the court appoints a Personal Representative to distribute the decedent’s property according to the laws of Descent and Distribution. These laws direct the distribution of assets based on hereditary succession.
  • WHAT IS YOUR TURN-AROUND-TIME (TAT)?

    Our cordial relationship with relevant authorities coupled with a thorough knowledge of the industry requirements and regulatory guidelines, provide us an edge in delivering this service in record time. Factors that determine TAT include:

    • Number of Companies/Registrars
    • Location of the State High Court where the letter of Administration was obtained

    The average TAT is six weeks for courts within Lagos State and four months for courts in order parts of Nigeria.

  • HOW MUCH DO YOU CHARGE?

    Our rates are highly competitive and flexible as we do assess the value of the estate before we come up with our fees.
  • WHAT SERVICES ARE INCLUDED?

    • Procurement of letters of administration/grant of Probate
    • Endorsement of bank certificate
    • Procurement of certificate of additional asset/further security
    • Amendment of Letters of Administration
    • Preparation of Power of Attorney
    • Effect new mandates of the administrators
    • Marshalling of Assets
    • Disposal/apportion of assets

Call us on: 0809 779 6655

Toll Free Line: 0700-MERISTEM

 

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