Key Fact About Victorian Probate

Understanding the Probate Process in Melbourne
- The Will is legally valid and represents the deceased's final wishes
- The named executor has the legal authority to act on behalf of the estate
- Financial institutions, government agencies, and other parties must recognise the executor's authority
- The estate can be legally distributed to beneficiaries as specified in the Will

When Is Probate Required?
- The estate includes real estate or property valued above $50,000
- Banks or financial institutions request probate before releasing funds
- There are complex assets such as shares, business interests, or overseas property
- Beneficiaries or family members are disputing the validity of the Will
- The deceased owned assets solely in their name without joint ownership