Probate & Deceased Estate Administration
A deceased estate refers to the assets and property of a person who has died and can include real estate, personal property, cash, shares, as well as other assets.
A person named as an executor of a Will has the responsibility to administer a deceased person’s estate in accordance with the terms of the Will. Bass Coast Legal can assist executors with all of the legal and practical aspects involved with the administration of a deceased estate. The steps involved in dealing with an estate usually include:
- Identifying and securing the deceased’s assets;
- Applying for a Grant of Probate or Grant of Letters of Administration;
- Managing and administering the deceased’s assets (eg. Closing the deceased’s bank accounts, transferring shares and/or properties owned by the deceased to the intended beneficiary);
- Ensuing all debts and liabilities are paid and tax matters finalized;
- Administering any trusts established under the Will;
- Distributing estate assets to beneficiaries in accordance with the Will (or if there is no will, in accordance with the applicable intestacy laws).
Personalised Legal Service in Bass Coast and South Gippsland
Experience compassionate and personalized legal service. Contact us today to schedule a consultation and let us be your trusted legal partner in the Bass Coast and South Gippsland areas.