06/01/2017
Insurance Nominees or Beneficiaries?
Generally, when a person passes on with Will or without a Will, all his assets will be frozen before obtaining the Order. The Person Representative will apply for the letters of administration in the case of intestate or Grand of Probate in the case of testate to administer the deceased person’s estate. The deceased’s estate will be utilised to pay off the reimbursement of funeral expenses, the estate administration fees, income taxes, the debts and liabilities, etc and the remaining balance of the estate will be distributed according to the Distribution Act 1959 or the Will.
Please click this link https://www.rockwills.info/2016/10/ for more info.
October 20, 2016 Insurance Nominees or Beneficiaries? Generally, when a person passes on with Will or without a Will, all his assets will be frozen before obtaining the Order. The Person Representative will apply for the letters of administration in the case of intestate or Grand of Probate in the c...