Settling Deceased Estates

  • Key Points
    • ‘Probate’ needs to be granted before the ‘Executor’ can settle the ‘Estate’.
    • Understand the difference between ‘Estate’ and ‘Non-Estate’ Assets.
    • Search for lost Funds, Superannuation and Assets.
    • Challenging a Will
    • Investing your Inheritance?

Wills, Probate and Estates

Once probate has been granted, the Executor of the Will is responsible for carrying out the wishes of the Will maker as specified in the Will. This is a position of great trust and must be carried out with diligence and integrity. The…

Challenging a Will

When someone becomes incapable of handling their own affairs, essential legal actions need to be taken to lower the possibility of estate conflicts by guaranteeing that their care, welfare and administration of their financial and legal affairs are handled in their best interests.…

Finding Lost Money and Assets

Many people have faced the issue of locating the assets of a deceased person to settle their financial affairs, when the deceased has not left any records. A good starting point is to search through files, safe deposit boxes and personal possessions.  If…

Deceased Estates Financial Advice

When the time comes to settle the deceased’s estate it is advisable, depending upon the complexity of the ‘estate’ versus ‘non-estate’ assets, to seek both legal and financial advice from a solicitor, accountant and/or financial adviser. Key documents to locate might include the…

What to do with my Inheritance?

Many people find it quite daunting after they’ve inherited some money, shares, property or even valuable collectibles. Should they keep the inheritance intact or sell some portion and take a long holiday or even re-train for a new career? There are usually competing…