When a person dies, their legal and tax affairs need to be dealt with in the correct manner – this process is called Estate Administration (sometimes referred to as Probate).
If the deceased made a valid Will, their chosen Executor(s) would be responsible for dealing with the estate, whereas if there is no Will in place (or the Will is invalid), an Administrator would be appointed to deal with it.
Did you know?
Executors and Administrators are personally and legally responsible for ensuring an estate is handled correctly.
This means that if you agree to act as an Executor or Administrator, you will be personally liable for any mistakes you make, and you can be held financially liable for any losses owing to a breach in your legal duties.
For this reason, we highly recommend using the services of a professional estate administration company, especially if the estate is complex or taxable.
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