Probate and Estate Administration Perth
THE LOSS OF A LOVED ONE IS A VERY DIFFICULT TIME FOR EVERYONE.
Being named as Executor of a deceased estate is often a challenging task, and while still grieving over the death of a loved family member or friend, the Executor has to organise the deceased affairs to ensure their Will is distributed according to law in the manner that the deceased has made known in the Will.
Guardian Wills And Probate is here to assist you every step of the way.
At Guardian Wills and Probate, we do the work for you while you remain Executor. The Deceased Estate bank account is controlled by the Executor.
We prepare and lodge a Grant of Probate at the Supreme Court of Western Australia. The Grant of Probate or Letters of Administrations usually takes 4 – 6 weeks for the Supreme Court to approve. We can have the documentation prepared for lodgement within 3-7 days of being contacted. (Probate cannot be lodged until 14 days after death and also the original death certificate must be produced). We liaise with all financial institutions, insurance companies, superannuation funds, sell shares, arrange conveyancing, etc. In fact, we do nearly everything that is required to wind up the deceased’s financial affairs. We do not manage taxation matters.
Once a Grant of Probate is granted, monies are collected and forwarded to the deceased estate bank account. When all funds have been collected, we can prepare a Statement of disbursements and reimbursements and monies to be paid to each beneficiary.
No funds have to be paid to Guardian Wills and Probate upfront, and the deceased estate pays for our services once money becomes available in the deceased estate bank account.
Simply fill out the form below or call us for an obligation free consultation.
Navigating Probate and Estate Administration
The passing of a loved one is a deeply emotional and challenging time. Amidst grief, there are also practical matters to attend to, one of the most significant being the process of probate and estate administration.
Probate is the legal process through which a deceased person's will is validated, and their estate is distributed according to their wishes. It involves several steps:
Filing the Will: The first step is to file the will with the appropriate court.
Appointment of an Executor: The court appoints an executor, named in the will, to oversee the probate process. This individual is responsible for carrying out the deceased person's wishes.
Notification of Heirs and Beneficiaries: All heirs and beneficiaries named in the will are notified of the probate proceedings.
Asset Inventory and Appraisal: The executor compiles an inventory of the deceased person's assets and obtains appraisals if necessary.
Distribution of Assets: Once debts are settled, the remaining assets are distributed to the beneficiaries as specified in the will.
Estate Administration Beyond Probate
While probate is a critical process for ensuring the validity of a will, estate administration encompasses a broader range of responsibilities. It involves:
Identifying and Valuing Assets: Including real estate, investments, bank accounts, and personal property.
Managing Debts and Expenses: Estate administrators are responsible for settling any outstanding debts, including mortgages, loans, and credit card balances.
Distributing Assets to Heirs and Beneficiaries: Remaining assets are distributed to the heirs and beneficiaries, as specified by the will or by law if there is no will.
Probate and estate administration are crucial processes that can be navigated smoothly during a difficult time. It is a testament to the importance of thoughtful estate planning in ensuring a seamless transition for loved ones.
At Guardian Wills and Probate, we do the work for you while you remain Executor.