Requirement of Grant and Main Types Flashcards

1
Q

How many types of grants are there?

A

Three.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

What are the main types of grants?

A

1) Grant of probate, 2) Grant of letters of administration (with will), 3) Grant of letters of administration.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

What does a grant of probate contain?

A

Identity and date of death of deceased, confirmation of valid will, identity of executors, estate validity, official signature, stamp, and seal.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

When is a grant of probate issued?

A

Deceased left valid will, will appoints executors, and at least one executor is willing to act.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

Is grant of probate needed if will does not dispose of all property?

A

Yes, still required.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

What is power of attorney?

A

When a named executor formally appoints someone to act on their behalf.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

When is grant of letters of administration (with will) granted?

A

Deceased left a will, but no executors appointed or willing to act.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

When is grant of letters of administration granted?

A

Deceased died intestate (without a will).

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

Which grant is needed for partial intestacy on gifts?

A

Grant of probate, as long as executor appointment is valid.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly