Probate is the legal process of administering a person’s estate after they have died. This includes gathering and valuing the assets of the deceased, paying any debts and taxes, and distributing the remaining assets to the beneficiaries of the estate, according to the terms of the will or the state’s laws of intestacy. Probate is typically handled by the executors […]
What is Probate?
What are letters of administration?
Letters of Administration are a legal document issued by a court that grants authority to an individual, known as the administrator, to manage the estate of a deceased person who did not leave a valid will. The administrator is responsible for distributing the assets of the estate among the deceased person’s heirs according to state laws governing inheritance. The administrator […]
Personal risks in being an executor
The executor to an estate has the job of winding up someone’s affairs after their death. It is a job that involves both responsibility and personal financial risk. After someone has died, their executor, named in their Will, has the role of administering their estate and ensuring that the beneficiaries receive everything to which they are entitled. It is important […]
What to do if an executor is not taking steps to administer an estate
After a death, the estate’s executor or administrator has the job of winding up the deceased’s affairs. We take a look at what happens if they fail to carry out their role. The task of administering an estate can be time-consuming and is often complex. Where an executor or administrator is not coping with the job or is simply not […]