What Does an Executor Actually Need to Do Once Probate Is Granted in Australia?
Probate granted. Now what? In this video, Kevin covers the executor’s four main tasks: collect in the estate’s assets, pay taxes and debts, prepare statements of account, and distribute the estate under the terms of the Will. He also explains the part most executors underestimate: personal liability for any mistakes made along the way, which is why many choose professional assistance. Before you plan the work, it helps to know how long probate takes in each state and how to speed it up.
Read the video transcript
Once probate is granted, the main tasks of the executor are to collect in the assets of the estate, pay taxes and debts, prepare statements of accounts, and distribute the estate under the terms of the Will. An executor is personally liable for any mistakes made in this process. That is why a lot of executors choose to have professional assistance in administering an estate.
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