Probating a will: 5 things to know

1.Probate legally recognises and confirms the authenticity of the will.
2.It grants executors the authority to manage and distribute the deceased’s estate according to the will’s instructions.
3.Probate helps resolve disputes among heirs or potential claimants as it establishes the legitimacy of the will in a court of law.
4.The probate process helps prevent fraudulent claims.
5.For certain financial instruments and immovable property, a probate is mandatory for the successful transmission of an asset.


Content courtesy Centre for Investment Education and Learning (CIEL).
Contributions by Girija Gadre, Arti Bhargava and Labdhi Mehta.