Deceased Estate

[seekeerz]

When does a deceased estate become closed - who does this and what does it entail, thanks

[CrapAtCryptics]

Once all possible will instructions have been followed, all debts cleared, all necessary persons and agencies informed and all assets assigned to the designated beneficiaries.

[Peter Pedant]

v good q
and v good answer

in short - the law students have to learn the longer answer which is in itself a fascinating branch of loo-er but probably doesnt concern us. Involving the queensland tax commissioner and another fella - who kept a chandelier for ten years and then disposed of it - - when did he duties cease?

sozza sozza crap at cryptics for BA

[seekeerz]

Thank you both for replying - so once everything has been done, then is it just assumed that the estate is closed ? My husband died in March and to my knowledge everything has been attended to, but I was asked today if the Estate had been closed and as far as I know it hasn’t but nothings been said so I’m non the wiser....perhaps I should ring my solicitor.

[emmie]

can't harm ring the solicitor.

[ubasses]

From experience of using Banks Solicitors for my MIL's Will -, When Solicitor has completed executing the Will you should receive confirmation from them, with a full breakdown of the Estate and their fees.
It certainly would not hurt to ring and give them a nudge.

[Buenchico]

There's no strict legal definition of 'closing an estate'. As others have suggested though, the phrase usually just means completing the executors' tasks.

See here:
https://www.lawdepot.co.uk/contracts/static-forms/Executor_Duties_Checklist.pdf

[seekeerz]

Thanks everyone it’s all sorted :))