Probate and Estate Administration?
What is Probate and Estate Administration?
The Grant of Probate is awarded by the probate court enabling you as the executor with the right to administer the estate of a deceased person. Estate administration is the process of drawing in all of the assets within an estate, paying off any liabilities and then distributing the estate in accordance with the terms within the Will. This may include setting up and registering any trusts, completing tax forms and dealing with financial institutions.
It can all seem a bit overwhelming when someone we love passes away so we are on hand to help and support. All you need to do is get in touch with your questions and we will be able to provide support and guidance.
The original Last Will and Testament is the only document that will be legally accepted and it must be in pristine condition to ensure that there are no complications when following the wishes set out in it.
It is vital that your documents are stored appropriately so that it meets the specific requirements of the Probate Courts when it is presented by your Executor(s).
Who should I pick as my Executors and what do they do?
When a loved one passes away, the executor named in their Will is responsible for ensuring that the deceased’s estate is properly wound up and that their wishes in their Will are carried out.
Some of the responsibilities of an executor include:
Registering the death
Arranging the funeral
Valuing the estate and drawing in assets
Paying any Inheritance Tax
Applying for probate
Sorting the deceased’s finances
Distributing the estate (in accordance with the Will)
Keeping estate accounts
Setting up any trusts
An executor has legal responsibilities and can be personally liable for any mistakes, and they may be liable for up to 12 years depending on the type of issue arising, and where a minor child is a beneficiary they can be liable until the child reaches 25 years. It is therefore important that Executors seek legal advice initially before deciding whether or not they wish to deal with everything themselves.
Can I change my Executors?
Yes. You can change your Will and remove executors or they may wish not to act in which point a personal representative can apply to the court to act.
If I need help, can I ask you?
Absolutely. We can help the loved ones of clients, or, if you have come across our company and like what you hear and like the ethos behind SLS Wills and More, we are happy to support you too.
Verified Customer Reviews
Couldn't fault Sara. Expert advice (she knows what she's talking about). Very experienced. I chose her because I saw her Google Reviews and checked with the Society of Will Writers who confirmed that she was a member and was on their advisory board. Very affordable. I'm glad my Will is now in place. Will look at LPAs next... Would recommend
Sara was recommended by a family friend who would not use anyone else. We'd been putting off sorting our will for a while but Sara made things very straightforward and easy. I've since recommended Sara to my mum who has used Sara for her will and LPA's. Thank you for all your help with putting these documents in place and giving our family peace of mind for the future.
Very proffesional helpful lady. Very happy to spend time answering questions etc. Sorted my needs and requirements. Highly recommend this company.
Sara is extremely professional and knowledgeable and also very personable and kind. She talked me through the entire process and I am confident and relieved to have everything in place with such an excellent company. Highly recommended.
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