Szabo & Associates News & Updates

Background

Letters of Administration grant authority to administer an estate of a deceased person. They are granted where the deceased dies intestate (without a Will) or where there is no executor of a Will to apply for Probate. Interested parties, such as beneficiaries, banks and insurance companies, will require someone to be granted Letters of Administration before funds from the deceased’s estate are released.

When a person passes away, an individual or a number of individuals will be appointed in their Will to distribute their estate – these people are known as executors. From a practical point of view, only one or two people should be named as executors in a Will.

Whilst the long life is something to be celebrated, health-care boosted resilience can mean a long and often unexpected wait for an inheritance greatly diminished by care costs.

The term 'digital asset' is a broad one. Digital assets may include anything that requires an online login, but can include assets of a high value such as PayPal or Bitcoin accounts. This post considers some issues in relation to leaving digital assets.

A judge in South Carolina ordered the state's attorney general to turn over records relating to the estate of soul singer James Brown to a freelance journalist investigating the court dispute over the estate.