A checklist covering common issues to be aware of in estate administration.
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Administering estates checklist.pdf
Covering:
- Practice management
- Supervision
- Handling assets
- Distributing the estate
Delay in finalising estates
Finalising estates too quickly
Acting for the estate – premature distribution
Mistakes in dealing with assets
Dealing with real property incorrectly
- should be warned there could be stamp duty implications;
- should be required to obtain independent legal advice; and
- must sign a written agreement evidencing the change.