What is the Role of a Deceased Estate Lawyer?

Life and death are the two inescapable bookends of our existence. While birth marks the joyous beginning of our journey, death signifies its inevitable end.

This natural cycle, though understood, can be particularly harsh when a loved one departs unexpectedly. In such moments of profound grief, responsibilities often arise that can feel overwhelming.

This is where the invaluable role of a deceased estate lawyer comes to the forefront.

What is the Deceased Estate

A deceased estate includes all of the assets and liabilities (debts) that a person leaves behind after death.

Essentially, a Deceased estates in Adelaide includes everything a person possessed and owed when they died. Estate administration is the process of administering and disbursing assets and liabilities.

When a person dies leaving assets, someone, generally the Executor of the deceased person’s Will, is responsible for administering the estate. Administering the estate entails completing legal procedures to distribute the estate as the Will-maker desires.
If the deceased person has a Will, the process will be simplified because executors will be appointed to distribute the deceased person’s assets and carry out his final intentions.

What is Included in a Deceased Estate?

A person who creates a deceased estate chooses an executor whom she \he trusts. This executive further takes on all the responsibilities of fulfilling the person’s wishes after death.

That is why the Executor of the deceased’s estate must consider all assets and liabilities, including any debts of the deceased person as of the date of their death. This is important to establish an accurate estate value for Probate purposes.
Assets of the Deceased Estate may include –

  1. Properties owned by the deceased in their name
  2. Bank Accounts
  4. Motor vehicles
  5. Memorabilia
  6. Personal items in the deceased’s own name
  7. Digital assets.

Benefits of Hiring a Deceased Estate Lawyer

Navigating the legalities and complexities of estate administration can be daunting. An experienced deceased estate lawyer offers several advantages:

  • Expertise and Efficiency: Lawyers bring a deep understanding of probate law and tax regulations, ensuring a smooth and efficient administration process.
  • Reduced Stress and Burden: The lawyer handles the legalities, freeing the Executor or administrator to focus on grieving and emotional well-being.
  • Avoiding Errors: Legal mistakes can be costly. A lawyer can ensure all legal requirements are met and minimise the risk of errors.
  • Representation in Disputes: Should disputes arise, the lawyer can provide legal representation and advocate for the beneficiaries’ best interests.
  • Now that you are aware of the required details about the process, you might think you can manage this by yourself. But it is not that easy. It involves legalities that you might not be aware of or expert in. That is why it is recommended that you contact an estate lawyer.

Summary: While death is inevitable, its timing is often unpredictable, leaving loved ones with emotional burdens alongside practical ones. However, you can take steps to minimise their weight in your absence. A deceased estate lawyer plays a crucial role in ensuring your wishes are followed, and your estate is settled efficiently, offering some solace during a difficult time for your loved ones.

If you agree with the fact that estate planning is necessary, contact our experts at Jackson Associates. Here, you will meet the best Lawyers for Wills, probate and estate planning.