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| 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).
Private Clients| 13 Apr 2021
The pandemic has resulted in significant global change, but it may also mean that it is time to have a look at the impact closer to home in relation to personal estate planning.
Private Clients| 07 Dec 2020
Changes to Queensland’s guardianship laws are now in force. The amendments, which came into effect on 30 November 2020, relate to the Guardianship and Other Legislation Amendment Act 2019 (Qld).
Private Clients| 19 Nov 2020
As 2020 nears to a close, advisors should note the impending 31 December deadline in NSW to exclude foreign persons as beneficiaries of discretionary trusts, to prevent these trusts from becoming foreign persons for the purposes of surcharge duty and land tax.