We understand dealing with a deceased estate is one of the more difficult challenges in life. From mountains of paperwork to legal jargon and simmering family disputes, these are the last things you want to deal with when you’re grieving the loss of someone you love.
What is it?
When our loved ones pass on but their assets and liabilities remain, it is the executor who must arrange collection of estate assets, payment of debts, transfer of property, resolution of disputes and distribution of the estate to the beneficiaries. This process is known as estate administration.
The assets that make up the estate often rest with asset holders, such as banks, superannuation companies, share registries and other investment groups. Asset holders will commonly require probate before releasing assets to an unregistered owner.
As a document granted by the Supreme Court, probate allows asset holders to release the deceased’s assets to the individual(s) to whom probate has been granted.
Probate isn’t always required; however, each asset holder has its own requirements, differing between States, banks and government departments.
What are the costs?
As specialists in estate administration, our expertise reduces your responsibilities during a difficult time. Our fees are offset by what is saved in efficiency and accuracy, and often we can defer payment of all or a greater portion of our costs until the estate administration is completed.
A quick chat with Tracey Beever of our team about your unique situation can give you a better understanding of the costs involved.