When a person dies without leaving a Will, his money in the bank, other properties and assets cannot simply be shared among family members based on guesswork or oral agreements.
In Nigeria, the law requires that a formal document known as a Letter of Administration be obtained before anyone can legally manage or distribute his properties.
A Letter of Administration is a court-issued authority that empowers appointed persons (close relatives of the late person) to collect, manage and share the properties.
Without it, family members have no legal right to sell his land, withdraw money from his bank accounts or transfer ownership of properties he left behind.
This document is important as it prevents issues and unlawful possession. It ensures that the properties are handled properly, debts are settled and beneficiaries receive their rightful share.
Applying for a Letter of Administration involves strict legal steps including identifying beneficiaries, compiling an inventory of assets and providing guarantors.
At Apex Chambers, we remind clients that engaging a knowledgeable Property Lawyer is the best way to process and obtain a Letter of Administration.
A Property Lawyer ensures that the application is properly filed, requirements are met, delays are avoided and the properties are protected from opportunistic claims.
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APEX CHAMBERS, Law Firm of Property/Real Estate and Business/Corporate/Commercial Lawyers, Attorneys, Barristers, Solicitors Advocates, Legal Practitioners rendering legal services, Legal Consultants and Notary Public with Law Office in Port Harcourt, Rivers State, Nigeria