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HOW MUCH DOES IT COST TO GET LETTER OF ADMINISTRATION

HOW MUCH DOES IT COST TO GET LETTER OF ADMINISTRATION

HOW MUCH DOES IT COST TO GET LETTER OF ADMINISTRATION

The question of how long does it take to obtain letter of administration in Nigeria and how much does it cost to get letter of administration have made us to present this piece of article.

HOW MUCH DOES IT COST TO GET LETTER OF ADMINISTRATION

The fear of how long does it take to obtain letter of administration in Nigeria and how much does it cost to get letter of administration has really pushed many off from fighting for a just cause as it concerns their properties.

In sincerity the issue of how long does it take to obtain letter of administration in Nigeria and how much does it cost to get letter of administration is difficult only in the sound of the words but not in the execution of those words.

Before we go deal further on the topic how much does it cost to get letter of administration, you may wish to checkout DO YOU NEED PROBATE IF THERE IS A SURVIVING SPOUSE

Please find below on how long does it take to obtain letter of administration in Nigeria and how much does it cost to get letter of administration as it concerns bank accounts. : –

1)      The living spouse/family of the deceased need to make a formal complaint at the Local Government or other office of competence on the demise of the dead spouse.

2)      The Local Government will issue them a death certificate.

How Probate Registry Benefits Widows and Widowhood in Nigeria

3)      The death certificate will be taken to Probate Registry.

4)      After due confirmation and processes, a Probate Registry account balance inquiry slip will be issues to the Living Spouse or the family.

5)      With this Probate Registry account inquiry slip, the Living Spouse or the family will visit the bank they know/suspect the deceased person has account.

6)      They will obtain the balances and take them back to the Probate Registry.

7)      The registry will collect 10% of each balance per bank and issue then Letter of administration in favor of the Estate of the deceased person.

How Probate Registry Benefits Widows and Widowhood in Nigeria

8)      This Probate Letter of administration will be taken to the bank.

9)      The bank will visit Probate Registry to confirm the authenticity of the Letter of Administration.

10)   When the Letter of Administration is confirmed, the Bank will then open account an Estate account in the name of the deceased person.

11)   The beneficiary/beneficiaries quoted on the letter of Administration must all be signatories to the account but the transaction signature combination is their choice.

12)   Fund will be transferred from the deceased customer to the newly Estate account.

13)   This is usually followed by the closure of the deceased customer’s except when the bank was advised by the living spouse/the family of the deceased that they are expecting inflows into the deceased account.

14)   Where the account balance is below N50,000.00 the money will be paid across the counter after full KYC – Know your Customer, put his request in writing indemnify indemnified the bank.

15)   For more on how long does it take to obtain letter of administration in Nigeria and how much does it cost to get letter of administration, please read up IS PROBATE REQUIRED WHEN A SPOUSE DIESWHAT STEPS TO TAKE WHEN A SPOUSE DIESHOW LONG DOES IT TAKE TO OBTAIN LETTER OF ADMINISTRATION IN NIGERIA;HOW PROBATE REGISTRY BENEFITS WIDOWS AND WIDOWHOOD IN NIGERIA and THE PLIGHT OF WIDOWHOOD IN NIGERIA

The website //www.financengr.com  has a quality post on related topics too that might interest you.

Comments (2)

  1. March 3, 2019

    […] husband’s business. This makes Women to accept whatever fate that is passed unto them. See HOW MUCH DOES IT COST TO GET LETTER OF ADMINISTRATION; HOW LONG DOES IT TAKE TO OBTAIN LETTER OF ADMINISTRATION IN NIGERIAand TERERAI TRENT AND HER FIGHT […]

    1. Respect The Woman Initiatives
      March 4, 2019

      Your visit gives us hope that we have delighted someone out there. Thank you dear

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