Passing of Accounts
An executor of a deceased estate has an obligation to the beneficiaries to account for their financial management of the estate. A beneficiary can require
An executor of a deceased estate has an obligation to the beneficiaries to account for their financial management of the estate. A beneficiary can require
No. Funds held on trust by law firms are strictly regulated. Banks are required to pay any interest earned on funds held in trust accounts
A common question for an executor or the administrator of an estate is – who pays for legal costs I incur? It’s an important question,
Superannuation is dealt with under complex rules and is usually not dealt with by a person’s Will, or under intestacy laws (i.e. when a person
Being an executor or an administrator isn’t easy. It takes a lot of responsibility and time. Often it is a thankless task! So can you be compensated for your time and effort?
As executor, you take a lot of care and responsibility. But what, if anything, are you entitled to?
Before finalising the estate, take steps necessary to protect yourself from claims and take advantage of protections offered by the law of Western Australia.
Lawyers have had a lot of bad press over the years – much of it probably well-deserved. However, times are changing. The best modern law firms are highly focussed on providing the optimal client experience and solving their clients’ problems, generally at fixed prices.
Being an executor can be a stressful, time-consuming and sometimes difficult job. And it’s probably on top of your day-job, family and other pressures too. Consider these tips and keep your sanity.
Many executors manage the estate on an entirely unpaid (voluntary) basis. They deserve a medal. However, the time-consuming and sometimes difficult work of managing and estate can take its toll – we see many an exhausted executor.
There is a better way! Being an executor doesn’t mean you (personally) have to do everything.
Perth Probate Centre is a service of lawyers Birman & Ride.
Birman & Ride exists to help people simplify and solve legal problems.
Liability limited by a scheme approved under Professional Standards Legislation.
BR Legal Pty Ltd (ABN 79 640 502 307)
Our plain-English guide How to manage a deceased estate has practical advice to help you to take charge and finalise the estate.