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Probate law in Sheung Wan, Hong Kong refers to the legal process that happens after a person passes away. It involves validating the will of the deceased if there's one, identifying and gathering the deceased's assets, paying necessary taxes and debts, and finally, distributing the remaining assets to the beneficiaries as per the will or as set out by the law if there's no will. It's regulated by the Probate and Administration Ordinance and the Wills Ordinance of Hong Kong.
Engaging a probate lawyer could be beneficial in various instances such as when the deceased leaves a sizable estate, the will is being contested, the deceased has considerable debts, or the estate is bankruptcy-prone. A lawyer is also valuable in guiding foreign beneficiaries or executors through Hong Kong's complex probate process. Furthermore, professional legal help is pivotal when the deceased had business interests or when potential tax issues arise from the estate.
In Sheung Wan, and broadly Hong Kong, probate law dictates that if the deceased had a will, an executor named in the will is entitled to apply for a Grant of Probate. In the absence of a will, the next of kin can apply for a Grant of Letters of Administration. Both processes give legal power to administer the deceased's estate. Besides, under the Wills Ordinance, the will-maker must be at least 18 years old, possess sound mind, and the will must be in writing and signed in front of two or more witnesses.
The length depends on various factors such as size and complexity of the estate, the efficiency of the executor and the Probate Registry office's workload. Generally, it can take anywhere from six months to two years.
Not always. However, the probate process is a legal matter that could be complicated, especially for large estates or if a will is being contested. Legal guidance is essential in such situations.
Probate is required when the deceased's estate includes assets like properties, bank accounts, or shares registered solely in his/her name.
In such cases, the estate is distributed according to the Intestates’ Estates Ordinance. Typically, it is shared among the spouse and immediate family members.
Yes, but only by someone who is financially affected by the terms of the will or the administrators if there's no will.
Probate and Administration Ordinance and the Intestate’s Estates Ordinance offer comprehensive legal information on the probate process. The Probate Registry's office in the Hong Kong High Court can provide advice and specific procedural queries.
If you require legal help, reach out to a reputable estate lawyer in Sheung Wan, Hong Kong. Ensure to have relevant documents ready such as the will if one exists and a comprehensive list and valuation of the deceased's assets and liabilities. Also, remain patient as probate can be a long process.
