Assets are distributed after the probate process is completed, which includes validating the Will, paying off any debts and taxes, and resolving any disputes. Once these steps are completed, the executor or administrator can distribute the remaining assets to the beneficiaries according to the Will or the laws of intestacy.
The cost of probate in South Australia can vary based on several factors, including the value of the estate and the complexity of the case. Costs may include court fees, legal fees, and other administrative expenses. It is advisable to consult with an Adelaide probate lawyer to get a clearer estimate of the costs involved.
The time taken for Probate in South Australia can depend on the complexity of the Will and the estate, whether all information required is readily available, and finally the time taken for the Probate Registry to process the application which may be dependent on workload.
If an estate does not contain real estate or if the estate assets are only modest in value, you may be able to deal with the estate without probate. For example, banks have their own policies as to what amounts they may release without a grant of probate. A common example of when probate is not usually required is where a deceased person held all their assets jointly with their surviving spouse.
A probate lawyer can assist you through obtaining probate for a Will and make the difficult process a lot smoother and easier in an already difficult time. The Supreme Court Probate Rules 2004 (“Probate Rules SA”) sets out the rules for making an application for probate.
If you are a landlord of a commercial premise and you have granted a retail shop lease which is governed by the Retail and Commercial Leases Act 1995 (SA) (Act), there are strict requirements around the protocols at the end of a lease term that you are required to follow, which if you do not … Continued
The Australian property market is constantly evolving, and the past year has been no exception. While we may have expected Sydney to continue dominating the rankings, the shifts across other cities demonstrate how dynamic the Australian market can be. Property values are influenced by a multitude of factors, such as supply and demand, interest rates, … Continued
According to the latest data from Core Logic, Adelaide’s housing market continues to perform well with 14.9% growth for the 12-month period to 31st August, 2024. At the end of August 2024, Adelaide’s median dwelling value reached $790,800, surpassing Melbourne’s at $776,044; a city traditionally perceived as more prestigious and economically vibrant that Adelaide. This … Continued
Introduction Conveyancing is a crucial process in real estate transactions, involving the legal transfer of property ownership from one party to another. This intricate process ensures that the buyer secures clear title to the property and that all legal requirements are met. Conveyancing laws vary significantly across different regions in Australia, impacting how property transactions … Continued
180 Flinders Street
Adelaide 5000
12 Adelaide Rd
Gawler South 5118
1 Sudholz Road
Gilles Plains 5086
10 Moseley Street
Glenelg 5045
178 Main Road
McLaren Vale 5171
84-86 George Street
Millicent 5280
18 Cameron Road
Mount Barker 5251
3 Penola Road,
Mount Gambier 5290
20 Omerod Street
Naracoorte 5271
Shop 2, 50 Liverpool Street
Port Lincoln 5606
49 Murray Street
Tanunda 5352
138 Hindmarsh Road
Victor Harbor 5211
