NAVIGATING ESTATE ADMINISTRATION
Estate Administration Basics
Mastering Estate Finances
A Detailed Accounting Of An Estate
The requirements for administering estate assets and property might be controlled by a Will and trust or may require a probate proceeding if there is no Will or Trust. Assets accidentally left out of a trust may also necessitate a probate.
In general, an administrator or executor follows this process:
- Gathers detailed information about existing assets and debts of the estate
- Pays the debts
- Distributes the remaining assets
When administering an estate as part of a probate, there are often additional filing requirements and deadlines.
Our firm also provides estate planning services intended to reduce the burdens of estate administration. We are also able to assist you in choosing a qualified administrator.