Have you been appointed Executor in a loved ones Will?
If so, let our experienced Wills and Estate Lawyers assist you in carrying out your role and duties.
Your duties include:
- auditing the deceased’s assets and obtaining valuations for assets;
- applying to the Supreme Court for a grant of probate;
- contacting the beneficiaries to advise as to entitlements under the Will;
- collecting and recovering the deceased’s assets;
- paying any debts of the deceased owing prior to death and any incurred during the course of the estate’s administration;
- defending the Will of the deceased where litigation is commenced against the estate;
- attending to any tax liability of the deceased;
- ensuring that a statement of assets and liabilities is maintained and provided to beneficiaries upon request and at the conclusion of the administration of the estate; and
- making a distribution of the deceased’s assets to those beneficially entitled in accordance with the Will.
You also act as trustee of the estate in holding assets on trust for the beneficiaries, for example where beneficiaries are minors you are required to manage money, investments or assets on a continuing basis for the benefit of certain beneficiaries according to the wishes of the deceased.
This can be a complicated and daunting process. Time limits apply!
Let us help you! Contact our Wills and Estate Lawyers today on (07) 3870 8244.