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In the unfortunate event of the death of a known person, distributing his/her assets among the legal heirs is not an easy task. It often involves a lengthy process of identifying assets, settling disputes, and distribution of the property. It is not at all as simple it sounds. Many complications arise in this matter. The distribution process becomes a little easier if the deceased has left behind a clear will and all the heirs accept it. However, that is rarely the case. Many wills are contested by those who feel that they have not got their due share in the property or the will is not authentic. The state laws related to these matters sound complicated to many, especially when disputes arise over the distribution of property. A deceased estate lawyer from Melbourne can help you with all these, and help settle the distribution of the assets among the heirs in a suitable manner. The will help you with the following matters: • Assessment of assets and liabilities: Based on what is mentioned in the will of the deceased, the wills lawyer can help the executor of the will to ascertain the assets and make a list of the same. These assets are then physically identified, and taken into the possession of the executor of the will. The deceased estate lawyer then ascertains any debts outstanding in the name of the deceased, and will arrange to pay the same. The executor of the will is tasked with the job of preparing the necessary lists and other documents, as mandated by law. The deceased estate lawyer from Melbourne can prepare these documents in the best possible manner, as he is conversant with all the legal requirements. These documents are required by the Court. • Ascertainment of tax on inheritance: A beneficiary of a deceased estate is liable to pay Special Capital Gains Tax (CGT) in Australia. A wills layer can ascertain the liability on behalf of the heir. • Settle disputes: A deceased estate lawyer in Melbourne can help in taking the probate of the will. In case disputes arise while doing this, they can advise the executor of the will about how to amicably settle the disputes. If lawsuits are filed in the courts by the heirs challenging the will, then the deceased estate lawyers Melbourne can handle those as well. • Distribute to Beneficiaries: After the debts are paid off, the remaining assets are distributed to the legal heirs as per their share in the property. • Enforcement of rights: If you are an heir and believe that you have been unfairly left out of a will or have not got your share, then the deceased estate lawyer in Melbourne can help you to reinforce your rights. Testart Family Lawyers, a leading law firm of Melbourne specialises in wills and estate related matters. They have a team of talented deceased estate lawyers, and can help you in all property related matters. Visit them at http://www.testartfamilylawyers.com.au to know more. About Author: Rick Stevens is an eminent journalist in Melbourne. He also runs a welfare society which connects those in need for legal assistance to prominent wills lawyers Melbourne and deceased estate lawyers across Australia.
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