As the second segment in our Estate 101 Series, our Wills and Estates team has put together an informative guide to help you understand what occurs during the administration of an Estate.
Estate administration is the process of finalising and distributing a deceased estate. Depending on the extent of the estate, and the care taken during the estate planning stage, this can be a lengthy and complex task, on average taking around twelve months.”
This guide answers various questions regarding estate administration including basic ideas such as “What is the role of an executor/administrator?” and “Who pays for the funeral expenses?“, as well as some more complex questions such as “What happens when someone dies without a will?” and “What is a family provision application?“.
If you have been nominated as an Executor or Administrator of an Estate, you will find this guide indispensable when it comes time to perform your duties. There are numerous tasks on the Executor/Administrator’s list of responsibilities including many that will need the assistance of a solicitor such as liaising with banks and share companies, and securing and insuring assets of the Estate. The role also includes some more menial tasks such as the delivery of personal items of the deceased to beneficiaries.
If you are an Executor/Administrator of an Estate currently going through administration, or have been nominated as the Executor/Administrator of an Estate and would like to learn more about the responsibilities of your role, please don’t hesitate to contact us today. Our experienced team will guide you through the administration process ensuring you understand every step of the process and have covered all the responsibilities of your role.
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