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The Estate and Trust Administration Team of Plan B Trustees Ltd offers a full range of Estate administrative and Trust management services.

The administration of an estate is often complex. Correctly handled, this task can be accomplished swiftly and without too much stress and inconvenience. Badly handled, however, it can be costly and lead to hardship, distress and frustration.

Everyone’s financial affairs are different and have become progressively more complex and as a consequence the administration of deceased estates is becoming more and more challenging. Our qualified and experienced staff can help you determine the most appropriate way to deal with the administration of an estate or management of an on going trust.

As Plan B Trustees Ltd is a WA based company, all estate and trust administration is managed locally, allowing the beneficiaries to deal with us in person.

In any capacity that Plan B Trustees Limited is appointed we work in close association with the nominated beneficiaries. We are sensitive to the fact that they are often still grieving but obtain their directions regarding their entitlements and ensure that the administration process is dealt with expediently and efficiently.

Appointed as Executor

Plan B Trustees Ltd can be appointed as the executor of your Will. This choice will provide you peace of mind, that upon your death a personalised independent team of experienced Trust Officers will ensure that your wishes are upheld and that your estate is administered in the best interests of all beneficiaries.

Our staff are well versed in all matters relating to the administration of deceased estates, including applying for Probate, collecting funds due to the estate, realising assets (including realty), prioritising claims against your estate, organising both personal and estate tax returns and if required establish continuing trusts or distribute the estate to the beneficiaries.

Having an independent Executor can avoid family disputes that may arise where one relative is appointed in preference to another. Also in the event that your children are still minors when you die, the Executor is required to invest their inheritance and ensure that their investment grows in value over the terms of the trust. In these instances, we have access to expert financial planning services offered by Plan B Wealth Management, to ensure the best investment strategy for each individual situation.

Private Executor Assist Service

The loss of a family member is usually a difficult and stressful time for family and friends. Many people appoint family members or friends as their Executor when they make their Will not realising the additional burden they are placing on them at an often difficult time.

The natural inclination is to appoint an adult family member or trusted friend as Executor. Those appointed feel duty bound to undertake the task but may not fully understand the complexity of the role. In some instances they may only discover that they have been appointed once the person is deceased.

At Plan B Trustees Limited we understand that the choice of an Executor is a very important one. The role has a great deal of legal responsibility and can be onerous depending on the complexity of the estate.

The role of Executor carries with it a significant level of legal responsibility and the Executor must display a high degree of care in the execution of his or her duties. If the Executor is negligent and/or does not complete the administration in a timely, honest and comprehensive manner, they can be held liable.

If you find yourself a nominated Executor under the terms of a Will, it is important that you consider these issues before deciding to accept the role.

If, as a nominated Executor of a Will, you require assistance or are unable to carry out your duties and obligations for any reason, you can arrange for Plan B Trustees Ltd to assist where:

or

Plan B Trustees Limited offers a level of assistance to you that will help you in your particular circumstances. For instance:

Administrator

Where there is no Will (Intestate) an Administrator who must be at least 18 years of age is appointed by the court. It can be difficult to establish who should and can apply for administration of the deceased’s estate. The estate must be administered as required by law and the Administrator can be held personally responsible for failing to do so.

The administration of an intestate estate takes on another dimension as not only is an Administrator responsible for the often complex duties of administering the assets and liabilities but is also required to establish who the beneficiaries are.

The entitlement of beneficiaries is determined pursuant to an act of Parliament and if the assets of the estate require formal administration the determination of who is entitled is presented to the Supreme Court for their approval when an application is made.

De facto partners of any sex now have a right to claim an interest in an estate of their partner; however certain criteria must be satisfied.

Plan B Trustees Ltd has the necessary experience and expertise to take on the administrator’s role and can be appointed the Administrator of an estate where there is no Will, or where a Will is invalid and the next of kin do not wish to act.

Trusts

Plan B Trustees Limited has extensive experience in managing on-going trusts and in investing funds. We obtain professional financial advice prior to any investment. As a member of the Plan B Group of Companies we have access to expert financial advice from Plan B Wealth Management. Plan B Wealth Management is one of the largest Western Australian based financial planning companies and has been offering specialist financial advice since 1986.

We manage trusts where beneficiaries are given an interest in assets during their lifetime and ensure that after the beneficiary's death that the assets then pass to the nominated residuary beneficiary or beneficiaries.

Some trusts, such as charitable and perpetual trusts will extend well after the life of a personal Executor so it is wise to have a company like Plan B Trustees Ltd nominated to ensure consistent long-term management. Plan B Trustees Ltd is a licensed Trustee company under the Western Australian Trustee Companies Act (1987).  This means that we will always be in existence.

Some of the types of trusts managed include:

What our services cost

Whilst Plan B Trustees Limited is a boutique Trustee Company that focuses on providing a high quality of service to our clients, we seek to do so without premium cost.

Deceased Estate Administration
These are in accordance with our published scale of fees and charges and are determined according to the value of the assets and can be provided on request.

Executor Assist Service
The complexity of every estate is different. Accordingly, upon an initial consultation we will provide a quote to the Executor for their consideration.

Trustee Services
Quotes are provided on a case-by-case basis depending on the complexity of the trust.

Estate and Trust Administration – Financial Services Guide & Trustee Statement 

Click here to view or download a PDF containing the Estate and Trust Administration – Financial Services Guide which contains details regarding our fees and charges.

Click here to view or download a PDF of the Trustee Services Investment Statement.

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To find out more

Plan B Trustees Limited understands that the administration process for all estates have a great deal of legal responsibility and can often be quite onerous depending on the complexity. These services are available to anyone needing professional advice or assistance on estate and trust administration – with or without a Will. Click here to download our Executor Assist Service brochure.

If you would like to discuss or find out more about what services our Estate and Trust Administration Team can provide please contact Michael Satie, Manager on (08) 9324 6071 or email planb@planbonline.com