Administering a deceased estate can be complicated, and at times, very stressful for both beneficiaries and executors of an estate.
As an executor/administrator of an estate, you have various duties which you owe to the beneficiaries of the estate, including a duty to administer the deceased person’s assets in an efficient and effective manner.
Tetlow Legal recommends that if you are appointed as an executor or administrator of a deceased estate that you obtain suitably qualified legal advice as to your rights and responsibilities in relation to your position.
The experienced staff at Tetlow Legal can help you with:-
- Interpreting the Will;
- Dealing with an intestate estate;
- Identifying estate assets and liabilities;
- Obtaining valuations of estate property;
- Collecting estate financial assets including superannuation, bank funds, shares, outstanding loans, and insurance payouts;
- Selling or transferring estate property including real estate;
- Organising payment of estate debts including mortgages, funeral costs, and testamentary expenses;
- Advising in regard to family and testamentary trusts;
- Distributing bequests and inheritances to beneficiaries;
- Advise on tax and stamp duty implications of deceased estates;
- Organising information for estate tax returns and arranging preparation and lodgement;
- Advising executors and trustees in regard to their duties and rights;
- Assisting with family mediation and negotiation in complex and/or disputed estates; and
- Preparing or advising on Deeds of Family Arrangement (to settle disputes).
Our specialist solicitors have the experience and compassion needed to guide and assist you through this process and to ensure that the best possible outcomes are achieved with the least amount of distress for all parties involved.