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We are Meristem Registrars Limited, a company duly licensed by the Securities and Exchange Commission with an enviable track record in Nigeria’s Registrar industry. Probate Management Service is one of our newly offered ancillary services. The Probate Management Service was birthed to ease off the stress usually encountered during the asset transmission process.
The Meristem Probate Management, offers a holistic service to Administrators/Executors of Estates. This involves facilitating the asset transfer to beneficiaries to the point of recovering all outstanding benefits.
If the decedent dies intestate—without leaving a will—the court appoints a Personal Representative to distribute the decedent's property according to the laws of Descent and Distribution. These laws direct the distribution of assets based on hereditary succession.
The average TAT is six weeks for courts within Lagos State and four months for courts in order parts of Nigeria.
Asset Transmission is the transfer of assets from a legator to a legatee which could be in the lifetime of a legator or upon his demise. This process, typically cumbersome is usually handled by an Executor or Administrator to the Estate (in the case of death of the legator).
The Administrators/Executors of Estate of the deceased therefore requires the services of an organization like ours to assist in transferring the bequests to the beneficiaries.
We operate professionally within strict confidentiality/service level guidelines and are abreast with industry requirements and regulatory guidelines.
Endorsement of bank certificate to ascertain the inventory of the deceased
Registration of Grant of Probate/Letters of Administration with the courts
Procurement of Certificate of Additional Assets/Certificate of Further Security at Probate registry
Endorsement of certificates/dividends in the names(s) of the Administrators/Executors
Effecting new mandates of the Administrators
Collection of outstanding dividends on the estate account
Dematerialization of physical share certificate into Estate CSCS account