What is probate, and how long does it take in the BVI?

Probate is the legal process involved in administering a deceased person's estate when there is a valid will. The duration of this process can vary, potentially taking several months, depending on the complexity of the estate and the required documentation.

Do I need a will if I own assets in the BVI?

It is highly advisable to have a will in place. A BVI will ensures that your assets are distributed according to your wishes and can significantly reduce the risk of protracted probate delays.

When a person has passed away leaving assets situated in the British Virgin Islands, what will happen to that person’s assets?

The assets whether real (that is land) or personal such as shares in a BVI company or investment accounts will not be accessible to the heirs or beneficiaries until a Grant of Probate or, as the case may be, a Grant of Letters of Administration, is issued.