Dealing with the estate administration process can be a difficult time, especially after the recent loss of a loved one.
The process and procedures can often be daunting, especially as most people have never acted as an executor.
We can guide you through the process and explain all the process and procedures in acting as an executor:
- locating the Will (a copy will normally be found with the deceased’s ‘important papers’ or with their lawyer and financial advisors);
- acting in the best interests of the beneficiaries of the Will;
- protecting the assets of the estate (such as maintaining any insurance policies on any estate assets);
- determining the assets and liabilities of the estate applying for a grant of probate; and
- collecting estate assets, paying any liabilities and distributing the estate in accordance with the Will.
Private Clients| 14 Oct 2021
In part 3 of this series, we consider why your client may appoint a professional as their executor, the executor’s entitlement to remuneration and considerations when appointing professional executors.
Private Clients| 07 Sep 2021
In the second instalment of our probate series, we consider potential issues for executors once they embark on the estate administration process.
Private Clients| 18 Aug 2021
Dealing with the estate administration process can be a difficult time, especially after the recent loss of a loved one. In the first article of our series on probate, we outline the duties of an executor.
Private Clients| 09 Jun 2021
The Victorian Government has recently made many of the temporary processes and procedures implemented in response to COVID-19 permanent, with the commencement of the Justice Legislation Amendment (System Enhancements and Other Matters) Act 2021 (Vic).