When & how are the assets distributed?

When all assets have been identified and, if necessary, sold to raise cash, and all debts have been paid, the remainder of the estate can be distributed to the beneficiaries. Where appropriate we will be published in the Sydney Morning Herald a special notice requiring anybody with a claim against the estate to provide particulars of the claim within one month.

Where appropriate and instructed by you, I will prepare a distribution statement for the beneficiaries. This may be given to them when they receive their share of the estate showing what the assets were, how much money resulted from any sale of assets they raised and what expenses and debts were paid from the proceeds.

Where an executor is applying to the court for commission for his or her administration, detailed accounts have to be filed with the Probate Registry and all payments and receipts by the executor properly approved. I can prepare these for you if you wish.

What if there is no Will?
What do I do after Probate is granted?
 

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Sunday, 16 December 2018
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