What is Estate Administration?
Estate administration is the process of maintenance and distribution of assets after someone dies. This process is executed in accordance with either the testamentary will of the decedent (person who died) or state law.
The Estate Administration Process
The estate administration process begins with the death of the decedent. Typically, the decedent's estate is opened by the executor, or other interested persons by filing an application with the court to administer the estate. The court will then appoint a formal executor or administrator as the personal representative of the decedent's estate. It is then the responsibility of the personal representative to administer the estate and to account to the court for its administration.
Do I Need an Attorney Experienced with Estate Administration?
The person appointed to administer the estate may have tax or legal questions that need to be answered by a lawyer or tax professional. An experienced estate administration lawyer will know what to do, and help guide you through the legal formalities. |
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