After probate is granted, the administration of the deceased person’s estate enters a new phase. Probate is the legal process by which a court validates a deceased person’s will and oversees the. distribution of their assets according to the terms of the will. Once probate is granted, here are the typical steps that follow:
1. Notification of Beneficiaries and Heirs: The executor is responsible for notifying beneficiaries and heirs.
2. Payment of Debts and Taxes: The estate’s debts and taxes, including any outstanding loans, bills, and taxes owed by the deceased person, must be paid using the assets from the estate. This might involve selling assets to cover the liabilities.
3. Distribution of Assets: Once debts, taxes, and other expenses have been settled, the remaining assets can be distributed to the beneficiaries named in the will. This distribution must align with the deceased person’s wishes outlined in the will.
If you’re involved in the probate process, it’s recommended to consult with legal professionals who specialise in estate law to ensure that you fulfil your duties and responsibilities correctly.