What does Probate mean? In the simplest terms, Probate is a process that verifies if a Will is real.
Does everyone have to apply for Probate? Not exactly, no. Whether a will needs to be probated or not depends on the institution that is holding the asset. Some institutions may require that a will be probated BEFORE they allow access or distribute the funds to any parties.
What does this mean, and does it apply to you?
Let's say your father had all of his money in one bank account, and he left it all to you. This financial institution may require you to prove that the Will is legitimate before you are able to access the funds, or distribute them to anyone, or yourself. Again, depending on the bank, the may require you to receive what's called a "Grant of Probate", which is what is granted once you have successfully applied for probate.
The process of probating a will is not as straight-forward as most people think. There are a lot of things to consider and various forms that are required to be filed in Court. It is highly recommended that you seek legal advice from a lawyer trained in estate to help you with the probate process. Hart Legal has estate lawyers in Victoria BC, Vancouver, BC and Calgary, AB.
Be sure you speak to an estate lawyer in Vancouver or Victoria BC about the probate process. We also have estate lawyers in Calgary, AB that can help you through the probate process, as well! We also offer our estate law services throughout British Columbia and Alberta, if you do not live in one of the above cities, with the initial consultation being done by phone. You can text us at, 778-760-1717(BC) 587-410-7443(AB) or email us at firstname.lastname@example.org, to schedule your free estate law consultation with one of our best estate law lawyers.