What are letters of administration?

|

Letters of AdministrationIf a person dies with more than $15,000 assets in his or her name, but does not have a will (also known as dying intestate), or if he or she left a will but it can not be proven to the High Court (for instance if the named executor has died), then it will be necessary to apply for Letters of Administration.  In this case the High Court appoints the administrators and the Letters of Administration document states that they have the authority to administer the estate, meaning that they can bring in the assets and pay the debts of the estate.
If you have any questions regarding Letters of Administration, or wish to seek advice regarding administering a deceased estate, please contact our Estates AdministatorMimi Lewell by phone on 837 6831 or email mimi.lewell@smithpartners.co.nz 

Latest News
bret head
The Bright-Line Test: Do You Need to Pay Tax on Your Property Sale?
08/02/2018
If you (or your trust) sell a residential property after owning it for less than two years, or subdivide it after owning......
Read more >>
Dawn-Fullamthumb.jpg
Deed of Lease vs Agreement To Lease: What’s the Difference?
01/02/2018
If you are leasing commercial property you need to understand the difference between a Deed of Lease and an Agreement to Lease.......
Read more >>