When someone passes away, everything that was owned by that person becomes known as his or her estate. Estate administration is in reference to the process of gathering and managing any assets of the estate, paying the decedent’s taxes and debts, and distributing any assets that remain to beneficiaries named in the will, or if there is no will, then the assets will be distributing following the state’s intestacy laws.
Learn About Estate Administration Basics
- How to Administer an Estate : A guide to administering an estate. Learn about which state law applies, the difference between formal and informal probate, appointing a personal representative, inventorying and distributing the estate, and much more.
- What Does an Executor Do? : Learn about the many duties handled by the executor, including overseeing the disposition of property, paying off debts, and more.
- Estate Administration: The Will After Death : This article offers information on how probate works, the formal requirements for wills, and limitations on wills.
- Debts After Death : You’ll find information on whether you’re responsible for a deceased relative’s debts, how credit card debt is treated after death, and more.