Probated will
Querist :
Anonymous
(Querist) 18 June 2011
This query is : Resolved
My unmarried brother died and made a will bequeathing all the movable and immovable property in my favour. He was a resident of mumbai. In one of his mutual fund investments there was no nomination. The Mutual Fund company has asked for a probated will. The investment is 250000/-. Except for this investment all the other investments have been transferred in my name. Is probate compulsory? If yes what is the stamp duty and court fees involved for the probate and approximate time for the same. The movable property is worth 15 lacs and the immovable property is 20 lacs.
Devajyoti Barman
(Expert) 18 June 2011
Yes, taking Probate of the Will is mandatory.