A loved one has appointed you as his or her executor. What do you have to do?
The responsibilities of executors include to:
1: Make sure all property is insured.
2. Secure the assets of the estate.
3: Itemise the assets of the estate.
4: Itemise the debts of the estate.
5: Apply for probate of the last known Will if appropriate.
6: Contact service providers including if appropriate Centrelink, Councils, utilities, telecommunications companies, insurance companies, superannuation and government authorities
7: Receive the grant of probate if appropriate.
8: Establish any trusts created by the Will the subject of probate.
9Attending to the tax affairs of the estate.
10: Attend to the debts of the estate.
11: Deal with any family provision or other claims on the estate.
12: Distribute the estate in accordance with the Will including preparing distribution statements for beneficiaries.
It is important to obtain legal advice and representation. To make an obligation free appointment, please contact McAuley Hawach Lawyers on 9633 1826 or email email@example.com
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