Administration of Estate
After obtaining a Grant of Probate or Letters of Administration, the executors or administrators (referred to as the legal personal representatives) must ensure that the financial affairs of the deceased are finalised and the estate distributed. This will involve ensuring that any outstanding income tax returns are lodged and tax paid, all liabilities paid, collecting assets and either distributing the assets, or realising the assets and distributing the proceeds, in accordance with the Will, or to those entitled by law where there is no Will (that is on intestacy).
