What are the steps involved in
administering an Estate?
When administering an estate, we would usually deal with the following steps:-
- Registering the death with all relevant third parties, for example
banks and building societies and obtaining details of all of the
assets of the estate
- Notifying the beneficiaries in the Will of their entitlement to
the deceased’s estate
- Obtaining the Grant of Probate to the Estate and registering
this with the relevant third parties
- Collecting in the assets and paying any debts
- Finalising the deceased’s income tax affairs
- Preparing Estate Accounts and accounting to
beneficiaries for their entitlements
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