Estate Administration Services
Paula Sutherland & Associates offer expert estate administration advice to executors, administrators, and trustees, ensuring they comply with the duties imposed upon them by law.
Tasmanian Estate Administration Services
The estate administration process occurs after you pass away and involves the management and distribution of your estate’s assets and liabilities, following the terms of your will. If you do not have a will, then this will occur in accordance with the applicable intestacy legislation.
If you are looking for comprehensive, understandable, and transparent estate administration advice, click the button below to get in touch.
Experts In Estate Administration
If you have a valid will, then the executor or executors of your will are responsible for the management and distribution of your estate, and the process of managing and collecting assets and liabilities and collateral administrative requirements (such as the closure of bank accounts and disconnection of utilities). This does not include ongoing responsibilities associated with the administration of any trusts, explained in further detail below.
The duties of the executors can be complex and confusing. This is compounded where the executors are close family members or friends, who are likely to be emotional following your death, or may even be caught up in potential family disputes or disharmony.
Support For Trustees And Trust Administration
Where your will creates a trust in favour of persons or institutions, a trustee or trustees appointed by your will (typically the executors) will administer the trust per your wishes. The tasks of a trustee may include administering a trust on behalf of:
- Minor children (for their maintenance or education
for example) until they reach a nominated age. - A charity to receive the income for charitable
purposes. - A family member to benefit from a life tenancy
where the beneficiary for life can receive income, and sometimes capital, of a share in the estate for their life.
We can assist trustees with this process by ensuring that they are properly advised of their obligations and how they should administer the trust to conform with the trust objectives and relevant legislation.
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