ABA Solicitors
Getting your Trinity Audio player ready...
|
Probate and estate administration is the legal process of managing the assets and debts of a deceased person, ensuring that their estate is distributed according to their wishes or in accordance with the law.
Probate is the legal
process by which a deceased person’s assets are distributed and their debts are paid off. Estate administration refers to the process of managing the assets and liabilities of a deceased person’s estate, which includes the probate process. Probate and estate administration are complex legal procedures that can be time-consuming and costly, and they require the involvement of an experienced attorney to ensure that everything is handled correctly.
During the probate process, a court determines the validity of a person’s will. If the deceased person did not have a will, the court will follow intestacy rules of the country that the deceased lived in to determine how assets should be distributed. Probate can be a lengthy process, and it can be further complicated by disputes among family members or creditors.
Estate administration involves managing the deceased person’s assets and liabilities throughout the probate process. This includes identifying and valuing all of the assets in the estate, paying off any debts and taxes owed by the deceased person, and distributing the remaining assets to the beneficiaries named in the will. Estate administration can also involve managing ongoing financial affairs, such as investment accounts or business interests, until the probate process is complete.
In conclusion, probate and estate administration are complex legal processes that are necessary for the proper distribution of a deceased person’s assets and liabilities. These processes require the involvement of an experienced lawyer to ensure that everything is handled correctly, and they can be time-consuming and costly. However, with proper planning and preparation, it is possible to make the probate and estate administration processes as smooth and efficient as possible.
Losing a loved one is a difficult time, and there are many practical matters that need to be addressed to ensure that the period after death is as smooth as it can be. The “What to do when your loved one dies – A step by step guide to process and procedure after death” is a comprehensive resource that covers everything you need to know, including:
– Step-by-step instructions for what to do immediately after your loved one passes away;
– Guidance on registering the death / how to find the will
– Information on arranging the funeral, burial or cremation and accessing funding for this
– Advice on how to deal with the deceased’s property and legal matters
– A handy checklist to help you to ensure that you have completed all the necessary tasks and a checklist of documents you need to have ready for the probate process afterwards.
By downloading this guide you agree for us to contact you via email. For more information on our privacy policy click here.