The Importance of Bahamas Probate Law

In The Bahamas Probate Law is very important because gives guidance as to how estate a deceased person is transferred to his or her beneficiary(s). This can be a very difficult area of law to deal with especially if the deceased person dies without leaving a valid Will.

In Bahamas whenever someone dies, the ownership of the deceased persons’ property must be passed on to his beneficiary(s). If he dies after making a valid Will, the estate will be administered by two or more executors. This is called the ‘Administration of the Estate”.

The Role of the Executors

The executor’s role is to administer the estate to ensure that the wishes of the deceased person are carried out.

Dying with a Will

Whenever the deceased person dies after making a valid Will this is known as “dying testate’.

Dying without a Will

Whenever the deceased person dies without the making of a Will this is known as “dying intestate”

The sensible thing to do is to make a Will and this will lessen the confusion when it comes to the distribution of your assets because these assets will go to the person or persons that you want them to go to. However, if you should die without making a Will your property will be distributed by the direction of the court.

We will be writing more on this subject matter. For your knowledge we have linked to a copy of The Bahamas Law which establishes the rules of Probate. You may access it here

http://laws.bahamas.gov.bs/cms/images/LEGISLATION/SUBORDINATE/1917/1917-0327/ProbateRules_1.pdf. As usual if you require more information please feel free to email us at info@tevanslaw.com , visit our website http://www.tevanslaw/ or call us at 242-328-8510