Losing a loved one is already a painful and distressing experience before you even think about the estate they left behind. But think about it you must, because the issue will progress quickly. Sometimes, managing and administering an estate can be straightforward, with assets divided out according to the will. However, it can easily become a complex nightmare of red tape and regulations to understand. Sometimes the person might not have left a will, or the will hadn’t been updated to account for new circumstances. The will might not have dealt with inheritance tax correctly, or be under challenge from another party. When complications arise in the administration of an estate, it is a probate professional who will help you solve them.

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What Is Estate Administration?

Estate administration is what happens after probate has been authorised. This is simply the process of managing and closing down the personal affairs of your loved one. This can include:

  • Closing down bank accounts
  • Managing shares and investments
  • Changing ownership of any property (business or personal)
  • Dividing personal possessions
  • Managing money owed by them and to them

At Edmunds and Eve, we understand that administering the estate of your loved one is a difficult and emotional time, which is why our experienced probate and estate administration advisers are here to help every step of the way. Whether you need assistance through the probate process or want to plan for your future estate administration, our team will be able to work with you to accommodate your individual needs, and the wishes of your loved ones.

What Is Probate?

Broadly speaking, the term ‘probate’ is used to describe the procedure used to prove the authenticity of a will on someone’s passing, and of the executor of that will. In these cases, probate is usually fairly straight forward, if it is even required at all. However, complications can arise when no will in in place. Then, various parties will have to prove who it is that should be the administrator of the estate, and that they are eligible to do so. You will have to obtain a grant of probate in order to do anything with the deceased’s estate. Probate firms like Edmunds and Eve can help you navigate the complexities of the probate process with ease, so that you are under as little stress as possible as you move into the estate administration phase.

For more information about the probate and estate administration process