Dealing with the aftermath of a loved one’s death can be extremely difficult in the simplest of situations. When you’re responsible for settling the affairs of the deceased, it’s often even harder. This process is known as estate administration and it can be a challenge. Let’s take a closer look at this important area of the law.
Estate administration is a legal process that follows rules that may vary depending on the state you are in. However, there are general principles that should guide your decision making and actions at such a critical time.
To get you started, here is a general overview of the process of estate administration that might be of help to you:
Estate Administration: Know What to Do When a Loved One Dies
The strong emotions that come with a loved one’s passing are often followed by bewilderment when survivors realize all of the financial and legal steps they must take to settle their affairs. The spouse who passed away may have handled all of the couple’s finances, leaving the other uninformed and overwhelmed. Or perhaps a caregiver must begin probating an estate which he or she knows little about. In some cases, the estate itself may be in disarray or scattered among many accounts.
Probate can be intimidating, but understanding how the process works and having some expert legal tips at your disposal will help you execute your duties confidently and correctly. Read more at Aging Care…
Learning about the probate process will definitely help you have a hassle-free time. You will be better placed to take charge of the situation you’re in.
There are often situations in which the deceased has no disclosed will, and even after a search is done, it is nowhere to be found. The following post describes what you can do in such a situation:
How to File to Be Executor of an Estate Without a Will
Your will has an important function beyond providing instructions for the distribution of your property. It also names the person who will serve as the executor your estate. The executor has the job of paying your final bills and distributing any remaining assets.
When someone dies without a will, it’s called dying “intestate.” In these situations, no one may have the legal authority to close the deceased’s estate. Probate court can step in to select someone to perform these duties or a loved-one can volunteer to fill the vacancy. This court-appointed representative is known as an administrator. The duties performed by an administrator are essentially the same as an executor. Read more at FindLaw…
The role of an executor is very critical. The decisions made will be binding on all the beneficiaries and other parties. The following post highlights the role of the executor in detail:
Learn About the Role of an Executor or Executrix
An executor—sometimes referred to as an executrix when a woman assumes the job—is the individual responsible for managing the affairs of a deceased person’s probate estate. A decedent can no longer own property, so everything he owned at the time of his death must be legally transferred to living beneficiaries.
This is where probate comes in and what it accomplishes. It’s the legal process of making sure that the decedent’s debts and liabilities are paid off from the cash and assets he left behind, then transferring ownership of what remains to his beneficiaries. Read more at The Balance…
If you choose to take this responsibility, or if a member of your family does, the advice of an attorney will be of great help. It will ensure that nothing is left unaddressed.
If you’re in Charlotte, NC and need an attorney who is experienced in estate administration matters, Meek Law Firm is the company to call. Jonathan Meek is skilled and passionate about meeting his clients’ needs. He will provide you with the legal representation you require.
Call Meek Law Firm today at (704) 848-6335 or complete the contact form on our website and we’ll get in touch with you. We look forward to assisting you.