Has managing assets and liabilities of the deceased become a tough task? Do you wish to allocate the same in the most prominent manner? If yes, the best way to facilitate so is to fix an appointment with one of the leading deceased estate lawyers Perth as it is on the basis of professional assistance of these experts that an executor is able to manage the enormous estate of the deceased in the most tactful manner. On the event of death of a beloved, it becomes extremely difficult for family members to secure emotional competency and at the same time they are required to facilitate management of concerned assets and liabilities of their beloved with utmost sensitivity and care. After the death of the deceased, his or her executor is held responsible for dealing with WILL or its absence , distribution of assets to the beneficiaries and liaise with numerous entities like share registers, banks, super annulation funds, creditors etc. Moreover it becomes necessary on the part of the executor to file tax returns on the behalf of the deceased and it is to be considered that whether a claim against the assets of the deceased can be made or not .
Types of Grants issued by the court
An application to the Supreme Court of Western Australia must be shortly made after the death of the deceased so as to facilitate grant of the right of administration. In effect to the statement, a legal document authorizing the executor to take in charge of the deceased liabilities and distribute the deceased estate to the beneficiaries is issued. Under the purview of this grant by the Australian government, an executor or administrator secures permission for collecting rent from tenants , transferring or selling properties of the deceased estate, transferring or selling shares , paying off the debts of the deceased, managing money held in the deceased’s bank account etc. Types of grants allowed by the Australian government are-:
- Grant of probate – the court issues this kind of grant when there exists a valid Will mentioning the name of person or persons as executor or executors of the Will.
- Grant of letters of administration with the Will Annexed –
This sort of grant is issues by the court when deceased leaves a Will but there exists no specific name of persons that can be treated as executors.
- Grant of letters of administration-
In case the deceased does not leave a valid will, the court grants the letter of administration to a feasible beneficiary of the estate.
Probate Legal Services
Probate law comprises of numerous cases that are to be necessarily dealt with professional assistance and know how. Deceased Estate lawyers Perth will aid you In applying for the concerned letter of administration and after that will surely provide due support in facilitating the right management of deceased estate. Moreover at each and every stage these experts provide you with the correct information regarding the concerned legal processes and practical advice on the inevitable options available. By this they ensure that their clients opt for the best course of action to obtain the letter of administration and thereby take adequate steps towards administration of the property in the most economical manner.
In the event of the death of a family member , it becomes highly difficult for other members to handle themselves emotionally well and taking decision regarding distribution of deceased estate and payment of former obligations on own is next to impossible for them. Hence the need for professional assistance is felt and deceased estate lawyers helps their clients by providing them the required knowledge and professional assistance.