The responsibility for filing for probate of a deceased person’s estate can sometimes be burdensome, especially when the estate is large or complex.
Sometimes an estate can include multiple properties and/or business entities that all must be sufficiently managed and valuated by the estate administrator. For some in that position, it can be a bit more than they ever bargained for.
Probating a complex estate can also be time-consuming, with a great deal of documentation and record-keeping involved. If the estate administrator is not detail-oriented or a bit disorganised, this can prove to be a nightmare for them to manage. But failing to keep track of all expenditures and expenses can put the liability for any lapses squarely on the shoulders of the estate administrator. In certain circumstances, they could be legally liable for debts that went unpaid or for funds that were disbursed for which they have no documentation.
Most people in charge of an estate sincerely want to do the right thing, to honor the wishes of the deceased and provide the heirs and beneficiaries with all that is legally due them. When mistakes are made that corrupt this process, it can have legal and other repercussions, as the heirs may suspect the estate administrator of mismanagement of the estate or worse.
These problems can be avoided entirely by retaining the services of an estate administration lawyer. The lawyers at Fast & Company are well-versed in the laws regarding probate and estate administration in British Columbia. We can take over the responsibility of the day-to-day duties of the estate administrator, making sure that all “T’s” are crossed and “I’s” dotted. This peace of mind can be invaluable for all concerned.