When we loose a loved one it is a distressing and emotional time in our life. However we also have to lend our thoughts to dealing with the deceased persons estate. The estate is the assets of the deceased, including any cash held in the deceased's bank and building society, money that is to be paid from a life insurance policy, real property, personal possessions and any shares that might have been held prior to death. Any debts accrued must be paid out of the estate. It is the balance that is shared out among those named in the will, or if no will was made, to the spouse, partner, children or relatives of the deceased under what are known as the intestacy rules.. The estate has to be administered and then shared out. This is done by someone who is known as the executor. The will normally Read more [...]