Advantages and Disadvantages Of Authenticating A Will

1. Advantages a Advantages and Disadvantages Of Authenticating A nd Disadvantages Of Authenticating A Will Will Probate is the legal process that validates the will of a deceased person to avoid any further dispute. A probate probate authenticates the validity of the will of a deceased person. A copy of the will is given to the executor along with a certificate having the court’s seal. It is advisable to get your property authenticated, but it is not mandatory. In this article we will discuss some of its advantages and disadvantages too. FIRST OF ALL LET US LOOK ONTO THE ADVANTAGES.  If you think that any creditor who is trying to collect money from the deceased is actually doing a false claim about the debt, probate Singapore Singapore may provide you with an opportunity to challenge the validity of a creditor’s claims in court. In some cases, all family members may not agree over how an estate should be handled. They may disagree on the matter that when the deceased made the will, whether or not he was of sound mind. Here when the probate Singapore offers an opportunity to settle such disagreement. Such sensitive issues can create lifelong breach between loved ones. So it is better to allow a neutral judge to make the final decision to avoid any dispute. probate estate

2. HOWEVER, THERE ARE ALSO SOME PRETTY CLEAR DISADVANTAGES TOO. 1. This process generally takes a very long time to complete. The time may vary from 6 to 12 months to finalize, or sometimes even longer depending on the complexity of the estate. Avoiding such process is advisable for the one who want to quickly administer their loved one’s estate and move on. 2. It is a very expensive process. You have to pay a large chunk of money to administer an estate through probate. 3. Since in this process everything probate is handled in court, and court matters are public record, in this process all details of the estate may become public, since everything is handled in the court and court matters are public record. Most of us do not want details about our lives being made available to the public. Thus it is clear that lack of privacy involved in this process is it’s drawback. Every situation is different from the other, so it is very important that you consult with an experienced estate planner and probate attorney to discuss everything about your situation. This will help you to decide whether to go through the probate process or not. There are circumstances where probating your estate could be advantageous to you. Again in some cases you may need to avoid it. Address: 25 North Bridge Road #03-02 EFG Bank Building Singapore 179104 Tel: +65 6337 0469 Fax: +65 6337 0463 Email Us: consult@gjclaw.com.sg