Executor Of The Estate
A significant aspect of your responsibilities as an executor of the estate relates to the handling of assets of the deceased. In most cases this will include a residential property and related possessions held within the property. Depending on the circumstances you may be required to ensure these assets are:
- they are valued and the value is maintained,
- the required information about the property and possessions is gathered to support the granting of the probate application,
- records are kept through their disposal to ensure obligations to beneficiaries and other parties such as debtors of the estate and the Australian Tax Office are met,
- key documentation is recovered from the residence such as details of financial accounts, insurance policies and records of asset ownership.
We would expect that you would be guided through this process by a suitably qualified legal representative, however, the completion of many activities will still rest with you. That is why, at Property Clearance we have a number of procedures to help our clients manage this process including the maintenance of the necessary records. Our procedures are centred on compassion, respect and assisting you to fulfil your duties as executor of a will.