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.