Estate Administration

The administrative burden

Let us take the burden of the estate administration of you

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Probate/ Letters of Administration

We help you to apply for probate or letters of administration.

Administering the estate.

We can help you with the administration of the estate. We can assist you with locating and collecting assts.

Distribution to beneficiaries

We can help you to make sure that the beneficiaries receive the share they are entitled to.

Advice

If you are the executor of an estate, we can advise you on your duties and liabilities.

Paying debts and tax

We can assist you to make sure that all estate debts have been paid.

Distribution to beneficiaries

We can help you to make sure that the beneficiaries under the will or the beneficiaries receive the share they are entitled to.

Estate administration

Estate administration is the work of administering a deceased estate.

A simple estate administration generally involves the tasks of locating the assets of the deceased, converting these assets into cash or transferring property into the name of beneficiaries, paying the deceased’s liabilities and tax , and distributing the remainder to the beneficiaries.

Estate administration can also be more complex. For example:

  • the full extent of the deceased’s assets is not known, and assets have to be located
  • The assets are not in the deceased’s name
  • The deceased owned assets overseas and overseas probate is required
  • the beneficiaries want to have the estate distributed in different portions
  • jointly appointed executor cannot agree on the estate administration process
  • shares have to be sold in other countries (e.g. USA where so called Medallions signature is required)
  • gifts fail because the will/estate plan was not updated frequently
  • the terms of the will are unclear and require interpretation
  • there is a dispute about whether the deceased had capacity when signing the will
  • the deceased left potentially ‘informal’ wills
  • there might be somewhere children of the deceased form a previous relationship
  • the beneficiaries cannot be located

Estate Administration

It is important to keep in mind that an executor can be personally liable for mistakes in an estate administration.

We know that the loss of a loved one can be a traumatic and emotional time and even straightforward tasks can appear overwhelming. 

 

Asquith Legal - Estate Administration

At Asquith Legal, we can support you throughout the whole process of estate administration, to make the process as easy as possible for you.  We can support executors who are located anywhere in Australia and worldwide.