The loss of a relative or friend can be a difficult and emotional time. For those with the added responsibility of dealing with the estate, it can be a completely new experience and a daunting prospect.
It may have seemed easier and less expensive at the time to appoint a family member or friend as the executor. However, there is a good deal of responsibility involved. Executors can be put under pressure by family members eager to receive their inheritance. This can lead to mistakes and the distribution of the estate's assets before all debts have been. There might be family disputes to deal with, or arguments about the way matters are being dealt with. Individuals left out of the Will but who believe they have a claim may wish to contest the Will in Court.
Any errors made by you as executor can result in personal liability. However, you do not have to be alone in dealing with the estate. Having professional support can make a huge and possibly vital difference to the process with costs covered by the estate.
Appointing a specialist solicitor as executor, or to assist with the handling of an estate, ensures that the terms of the Will are fulfilled and the estate dealt with correctly.
At Szabo & Associates Solicitors, our experts deal with Wills and estates daily. If you are an executor, possibly worried about a claim against the estate, applying for probate or have any other queries, please contact us on 02 9281 5088 or complete the online contact form.
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For more information or to book a consultation, call us on
02 9281 5088