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Protect Yourself As An Executor
If you have been appointed an executor of an estate it can be hard to know what to do first.
An important first step can be to make an appointment with our estate legal professionals to go through your obligations, and the laws relating to administering and distributing an estate.
You can receive some formal guidance and if you choose to “go it alone” you are at least acting on professional legal guidance.
Executors Acting Independently
You will have many questions you need answers to.
One question you might ask yourself is “why don’t I just do this myself?”.
You can always opt to do some of the legwork (attending the banks and filling in their forms), saving you some costs, if this is important to you and you have the time to attend to these tasks within the required time-frames.
At Ryan Murdoch O’Regan Lawyers we will work with you and provide this option to you if that is your preference.
These days you can find information on the internet on how to do anything, including administering an estate but sometimes it can be hard to distinguish between the fact and the fiction.
Occasionally, executors who wish to save money by doing it on their own can. There is nothing wrong with this, however, when it comes to the executor’s legal obligations seeking expert advice upfront can be “estate dollars” well spent.
It is always in an executor’s best interests to obtain expert advice, for their own protection or they may face serious misconduct consequences.
This article is for your information and interest only. It is not intended to be comprehensive, and it does not constitute and must not be relied on as legal advice. You must seek specific advice tailored to your circumstances.