Legal Question in Wills and Trusts in Trinidad and Tobago
My dad died last October. He left a will in which I am named as executor. He owned a small property with my mother. I still have to check the deed but assuming that the property was owned
a) as joint tenancy - The property passes directly to her and does not form part of his estate?
b) as tenants in common - it forms part of his estate? If so do I need to get a formal valuation done on the property?
1 Answer from Attorneys
Are there other assets identified in the Will?
Are you aware of any assets owned by your dad (not joint with your mom or anyone else) not mentioned in the Will [Residue]
If the only property is the one described above then get the deed and settle the issue raised. There may be nothing to probate.
On the assumption the property is in tenants in common, then you will need to value the property to determine his half share.