Estate planning is widely considered the ‘new black’ for many advisers. If this is true then the ‘next wave’ for advisers, particularly as the baby boomer generation enters the last phase of their life span, is probate and estate administration.
The administration of a deceased estate is a heavily regulated area and there are many aspects that can cause irreversible damage if misunderstood.
This Workbook explores the key issues that advisers need to know in relation to the administration of any deceased estate, including:
- Discussion about what probate is exactly, when is it needed and how do you get it
- Exploration of the key steps in obtaining probate
- Analysing the key steps in estate administration
- Identifying the key areas where advisers can add value
- Specific examples
- Key checklists