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Probate Management Service

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About Us

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.

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FAQ

When a person dies, his or her estate must go through probate, which is a process overseen by a probate court. If the decedent leaves a will directing how his or her property should be distributed after death, the probate court must determine if it should be admitted to probate and given legal effect.

 

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.
Our cordial relationship with relevant authorities coupled with a thorough knowledge of the industry requirements and regulatory guidelines, provide us an edge in delivering this service in record time. Factors that determine TAT include:

 

  • - Number of Companies/Registrars
  • - Location of the State High Court where the letter of Administration was obtained

 

The average TAT is six weeks for courts within Lagos State and four months for courts in order parts of Nigeria.
Our rates are highly competitive and flexible as we do assess the value of the estate before we come up with our fees.

Our Services

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.