Probate Is the legal process of administering the estate of a deceased person. This includes resolving all claims and distributing the deceased person’s property under the valid will. Estate Planning This essential process ensures you and your family continue to enjoy the benefits of your assets, for as long as they’re needed. This would include making Wills and creating Family Trusts. Estate Administration Is the day to day running of an estate, including attending to receipt of all incoming money and other property and management of it. This includes payment of creditors and taxation, and distribution payments to beneficiaries. Receivership A voluntary or court action that places property of a company under the control of a receiver so that it can be preserved for the benefit of all. Liquidation In law, liquidation is the process by which a company is brought to an end, and the assets and property of the company redistributed. Liquidation is also sometimes referred to as winding-up. Liquidation may either be compulsory (sometimes referred to as a creditors’ liquidation) or voluntary (sometimes referred to as a shareholders’ liquidation, although some voluntary liquidations are controlled by the creditors). Conveyance The legal process of transferring real estate property from one party (seller) to another (buyer). A typical conveyancing transaction includes the completion of an Agreement for Sale & Purchase of property, arranging any required mortgages (or discharges) and transfer of title to the buyer. Parenting Order An order from the Family Court pursuant to the Care of Children Act setting out the periods of time that a child is the care of a particular person. Mediation A meeting involving parties to a dispute, and their lawyers if they want them present, chaired by an independent trained mediator to try and resolve problems outside of the court system. Relationship property A term used to describe the property that needs to be divided following a separation, whether the parties have been married or living in a de facto relationship.