Administering an estate involves collecting and distributing assets to the beneficiaries, a process that is often complex and time-consuming. This stage, known as estate administration, can be fraught with various challenges such as dealing with government enquiries, addressing issues raised by beneficiaries or third parties, and managing the sale of properties.
Why Timing Matters
The timing of the distribution is critical. Distributing assets too early can expose the personal representative to personal liability if claims are made against the estate. It’s essential to ensure all protective steps are taken before distribution to safeguard against such risks.
Challenges in Estate Administration
Several factors can complicate the administration process:
- Government Enquiries: Queries from HM Revenue and Customs, the Department for Work and Pensions, or the valuation office can delay proceedings.
- Beneficiary Issues: Disputes or questions from beneficiaries or third parties can create additional hurdles.
- Property Sales: Selling estate property often takes time and can significantly extend the administration period.
- Asset Release Delays: Inefficient systems or complex requirements from asset holders can slow down the release of assets.
Benefits of Instructing a Solicitor
While confident individuals can administer an estate themselves, involving a solicitor has significant advantages:
- Expert Guidance: Solicitors provide tailored advice, ensuring that the personal representative makes informed decisions at every stage.
- Limiting Liability: Professional legal advice helps in taking necessary steps to limit personal liability.
- Efficient Handling: Solicitors manage interactions with government authorities, handle disputes, and facilitate asset release, making the process smoother and less stressful.
At Arlingsworth Solicitors, we pride ourselves on delivering compassionate, expert legal advice. Our team offers a bespoke service tailored to your specific needs, ensuring a non-confrontational approach wherever possible. We combine our legal expertise with a strategic, solution-focused approach to achieve the best outcomes for our clients.
For comprehensive support and expert advice in estate administration, contact Arlingsworth Solicitors. Our dedicated team is here to assist you every step of the way, ensuring a smooth and efficient administration process.
For more information, please contact our team at 01273 696962 to discover more about our services.