Estate Administration
Estate administration is the process of managing and settling a deceased person's estate, which includes their assets, debts, and final wishes. This typically involves several steps: validating the will, gathering the deceased's assets, paying debts and taxes, and distributing the remaining assets to heirs or beneficiaries. An executor, often named in the will, is responsible for overseeing this process, ensuring everything is handled according to legal requirements and the deceased’s wishes. The goal is to efficiently and fairly resolve the estate, providing closure for the family and beneficiaries.
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Estate administration is the process of managing a deceased person's assets, debts, and final affairs. This involves identifying and valuing their assets, paying debts and taxes, distributing remaining assets to heirs or beneficiaries, and ensuring that legal requirements are met. Typically, this process is overseen by an executor, who is appointed in the deceased's will or, if there isn't one, by the court. Estate administration ensures the orderly transfer of a person's property according to their wishes or, if there are no wishes, according to state laws.