Probate & LOA (Letters of Administration)

A Grant of Probate is a court order officially recognizing and giving powers to the executor named in a Will to carry out the duties stated in the Will.

Financial institutions and many other authorities require the Grant of Probate before allowing any closure of accounts or transfer of ownership of assets. 

 In cases where prices of the assets involved fluctuate, for example, stocks and shares, real properties, motor vehicles etc.., it would be advantageous to obtain the Grant early so that the executor can have the flexibility to decide when to liquidate the assets involved, if necessary, to take advantage of the price fluctuations.

The main documents required to apply for the Grant of Probate are:

1.  Original Death Certificate of the deceased;

2.  Original Will;

3.  Copy of IC of the executor named in the Will;

4.  “Schedule of Assets” providing details of assets owned by the deceased.

For estate of less than $3 million, the application will be handled by the Family Justice Courts of Singapore whereas High Court handles estate exceeding $3 million.  There are certain documents and affidavits to be filed with the respective court which requires complete accuracy. 

Our lawyer charges a fee of $2,500 net (inclusive of all disbursements and filing fees) for estate with assets of less than $3 million.  It normally takes about 2 months to complete if the “Schedule of Assets” is available.  An additional 1 month is required if the “Schedule of Assets” is not available. 

Our lawyer charges a fee of $5,000 net (inclusive of all disbursements and filing fees) for estate with assets of more than $3 million.  It normally takes about 4 months to complete if the “Schedule of Assets” is available.  An additional 1 month is required if the “Schedule of Assets” is not available.

 

A Grant of Letters of Administration is a court order officially recognizing and giving powers to the next-of-kin to carry out the duties according to the Intestate Succession Act, Chapter 146

Financial institutions and many other authorities require the Grant of Letters of Administration before allowing any closure of accounts or transfer of ownership of assets.

In cases where prices of the assets involved fluctuate (eg. stocks and shares, real properties or motor vehicles), it would be advantageous to obtain the Grant early so that the administrator can have the flexibility to decide when to liquidate the assets involved, if necessary, to take advantage of the price fluctuations.

Priority is given to certain next-of-kin to apply for the order.  For married person, the spouse is given the priority over the children.  The surviving spouse of a married person who left behind young children (below 21 years of age) needs to apply with another person (co-administrator).  Two sureties (guarantors) are also required before the court grants the order.

For single person, the parents are given the priority over the siblings.  Either parent of a deceased person who was single can apply for the court order solely.  Death certificate of the deceased parent must be produced if either of the parents is deceased.  Both parents must renounce their rights if any of the deceased’s siblings is to apply the order in place of the parents.  If both parents are deceased, any surviving siblings of a deceased single person have equal rights to apply.  There could be potential conflict among the beneficiaries.

The main documents required to apply for the Letters of Administration in Singapore are:

1.         Death certificate (please indicate the religion of the deceased);

2.         Full name, IC number and contact number of applicant (administrator);

3.         Full names, IC numbers and date of birth of all the beneficiaries;

4.         “Schedule of Assets” providing details of assets owned by the deceased.

Our lawyer charges a fee of $2,500 net (inclusive of all disbursements and filing fees) for estate with assets of less than $3 million and without any minor beneficiaries, it takes about 2 months to complete if Schedule of Assets is readily available.  If “Schedule of Assets” is not available, one additional month is required to complete the process.  

For a free consultation, please call or WhatsApp to 8787 0333.