Unraveling Estate Matters: A Swift Guide by Funera Sydney
Unraveling Estate Matters: A Swift Guide by Funera Sydney
Step 1: Decoding Property Ownership
- Rental Property: If the deceased rented, return it post-belongings removal.
- Joint Ownership: Joint tenancy transfers to the spouse hassle-free. For 'tenants in common,' the share becomes an estate asset.
- Sole Ownership: Sole ownership integrates into the estate for Will-directed distribution.
- Rented Property: Lease continues; terminate with notice if needed.
Step 2: Swift Home Clearance and Asset Listing
Clearance post-inventory. Allow emotional moments, then value and list assets. Item removal follows official recording, except for Will-specified items.
Step 3: Valuation and Property Handling
Properties not jointly owned need valuation. Settlement for mortgaged properties is a priority. Properties usually sell during administration, awaiting Grant of Probate.
Step 4: Quick Property Transfer
Jointly owned? Transfers seamlessly. Sole ownership? Transfers via executor first. Publish a notice before distribution, ensuring compliance.
At Funera Sydney, we support you through this. Any questions or assistance needed? Reach us at:
- Sydney: (02) 9954 6655
- Sydney (02) 9954 6655
- Newcastle (02) 4955 1110
- Wollongong (02) 4243 8755