Being responsible for managing an estate is a significant responsibility. Whether you’ve been named as an executor in a will or appointed as an administrator, there are legal and financial obligations that need to be handled carefully and in the right order.
For many people, this is something they haven’t done before. Knowing what needs to be done – and when – can make the process much easier to manage.
At Peter Fisher Lawyers, our focus is on providing clear guidance and practical support at each stage.
Where To Start
The first step is understanding your role and what is required.
This will depend on whether:
- There is a valid will in place
- You have been formally appointed as executor or administrator
- Probate is required
From there, the process typically involves gathering information and ensuring the estate is properly accounted for.
What’s Involved
Managing an estate involves a series of responsibilities, which may include:
- Identifying and valuing all assets and liabilities
- Applying for probate or letters of administration (if required)
- Managing bank accounts, property and other assets
- Paying outstanding debts and expenses
- Keeping records and communicating with beneficiaries
- Distributing assets in accordance with the will or legislation
While the process follows a general structure, each estate can vary depending on its complexity.
Common Complexities
Some estates involve additional considerations, such as:
- Multiple or disputed beneficiaries
- Claims made against the estate
- Assets held across different states
- Superannuation or insurance not forming part of the estate
- Property that needs to be sold before distribution
Understanding how these factors affect the process can help avoid delays or disputes.
How We Help
Support in managing an estate, whether there is a will in place or not, is about keeping the process organised, compliant, and as straightforward as possible.
At Peter Fisher Lawyers, our support can include:
- Explaining each step of the process and what is required
- Preparing and lodging probate or administration applications
- Assisting with asset management and distribution
- Advising on any claims or disputes
- Coordinating with accountants, financial institutions and other professionals
Our focus is on helping ensure responsibilities are met while reducing the administrative burden.
Related Situations
Managing an estate often relates to other considerations, including:
- Estate administration services
- Estate planning (for your own future arrangements)
- Selling property as part of an estate
- Dealing with the death of a loved one
Related Insights
For more insights on estate administration and related topics, see our articles below:
Taking the Next Step
Managing an estate can feel complex, particularly when dealing with unfamiliar responsibilities.
Having clear guidance from the outset can help ensure everything is handled properly and reduce the risk of delays or issues later.
Support can be provided at any stage – whether just starting out or partway through the process.