Do I need Probate?
Before you set about applying for Probate, ask yourself if you really need it.
Most people have only one reason to apply for Probate, which is that organisations (like banks or retirement villages) will not release the assets of a person who died until the Executor presents the Probate certificate.
If an asset is owned jointly with a husband / wife who is still alive, it should not be necessary to get Probate for the release of that asset.
So before you spend time and money applying for Probate, make a list of all assets owned by the person who died, and find out if you can get them released without Probate.
Assets usually fall into these categories:
- Real estate
- Accommodation bonds for retirement villages
- Superannuation entitlements
- Bank accounts