Estate administration services

What is estate administration?

Estate administration refers to the process that takes place after the passing of any individual, whereby the deceased’s personal assets, finances, debts, and taxes are distributed to their successors in accordance with their will.

Naturally, such a process can often take place during a very distressing time for those impacted. However, with thorough planning around estate administration prior to the deceased’s death, you can put the framework and structures necessary in place to prevent potential disputes between named recipients and ensure a smooth administration process.

Why is an estate administration service so important?

When it comes to sound financial planning and wealth management, putting safeguards in place to monitor and oversee your finances after your passing is an essential part of the process.

Needless to say, handling large volumes of wealth can be a very complex process at the best of times. Therefore, it is often easier for recipients to have an unaffiliated third party handling the execution of your will.

They can ensure everything is distributed in accordance with your desires and deliver the necessary continuity required for the process that an individual executor cannot always provide.

Why appoint an HSBC Global Private Banking executor for your estate administration?

As experts in the field of finance and estate administration services, our estate executors are perfectly positioned to take on the role as executor of your will. This is especially helpful for larger estates, which may be spread over multiple jurisdictions.

Such executions may well take many months or even years and require high levels of legal and professional expertise for a successful and smooth transition. That’s why our professional executors will be on hand to make sure that all assets are collected, all debts are appropriately settled, and that your net assets are properly distributed in line with your will.

Alongside this, if the next generation in your will is still young, our professional trust administration services can ensure that the administration of your estate is directed in the best interest of your child or children.

Read more about our Family Enterprise Succession Services.