What is a Deceased Estate?
Deceased Estate and Trust Administration involves the Executors and their solicitors gathering in the assets of the Estate, attending to payment of all liabilities of the estate and distributing surplus assets to beneficiaries in accordance with the Will.
Some assets of the estate will not be able to be dealt with in accordance with the Will without the Court granting probate.
What is Probate?
“Probate” means that the Court must be satisfied of certain things before it will make an order certifying that the Will is the final and a valid will of the deceased. An Executor of a Will has the responsibility to administer the deceased person’s estate in accordance with the terms of the Will and can become personally liable for failing to do so.
How Long Does Probate Take?
Once the Court grants approval, assets must be collected and any owing debts or taxes must be settled. Assets are then distributed in accordance with the Will. Acting as an Executor of an estate or Will can be stressful and working through this process can be overwhelming. Kennedy Spanner can offer guidance and support through the necessary steps. We can often arrange for our professional fees to be deferred until the conclusion of the matter when assisting with administration of the estate. We would be happy to discuss this with you at your initial appointment.
The experienced team at at Kennedy Spanner are well familiarised with trust, will and estate law, and can help you navigate the important and often complex job of administering a Will. You can rely on our skills and expertise to guide you through the legal obligations imposed upon you by law.
Fill out the form or call our office on (07) 3236 9169 to get in touch with an experienced Wills and Estates Lawyer and find out more on trusts and deceased estates.