BRISBANE DECEASED ESTATE LAWYERS
If you have been appointed executor (or administrator) of a deceased estate you probably have a lot of questions about what steps are involved in administering an estate.
Just as each person has different financial circumstances, so it follows that each deceased estate is different and dependant on the individual circumstances of the deceased.
The first thing to determine is whether the deceased left a Will or if they died “intestate” (that is, without a Will). If a Will was made, the Will should be located and read so that the executor, beneficiaries and assets and liabilities of the estate can be determined.
Secondly, the asset holders and creditors of the deceased person should be notified and their requirements to finalise the estate determined. Once more information is available about the assets and liabilities that comprise the estate, you should determine whether you will need to apply for a Grant of Probate of the deceased’s Will (or Grant of Letters of Administration on Intestacy).
Once the requirements of the asset holders have been met, the assets of the estate should be collected. From these assets, the outstanding creditors or debts of the estate should be paid.
Finally, once all debts have been paid, and all assets collected, the balance should be distributed to the beneficiaries of the estate as named in the deceased’s Will (or distributed pursuant to the intestacy rules if the deceased died intestate).
The above information is a very brief over view of the process involved in administering a deceased estate. You should always consider containing legal advice for your specific circumstances.
At Craven Lawyers, our Brisbane Deceased Estate Lawyers are here to help guide you through each stage of the administration process.
I just want to give you a big thank you for all the work that you have done in winding up my mother’s estate. Your work was done in a very helpful and professional manner and I would have no hesitation in recommending you to friends or family due to your great work.
Many thanks for the final statement of dad’s Estate and the email advising that all is now concluded.
Please accept our gratitude for your professional and courteous manner and guidance.
Kindest of regards and all the very best for the future.
NEED HELP WITH ADMINISTERING A DECEASED ESTATE? PHONE 1800 LAW 000 (1800 529 000) FOR PROFESSIONAL ADVICE
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Our expert Deceased Estate Lawyers are here to solve your deceased estate queries. Call us on 1800 529 000 or submit this form so we can assist you with your enquiry.
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