Alf Macolino of Lynch Meyer (solicitors in SA) reports a significant increase in queries
about paying distributions to executors or administrators of deceased estates, without
obtaining a Grant of Probate or Letter of Administration. He advises you must insist on
one of these two proofs of authority. If you pay out incorrectly you would be required to
pay it out again to the correct estate.
Mergers & Acquisitions
Brookfield sells retirement village operator Aveo for $3.85B
Brookfield Asset Management, a leading global alternative asset manager headquartered in New York with over US$1 trillion of assets under management, has agreed to sell its retirement living platform, Aveo, to The Living Company for A$3.85 billion...
