Estate Administration Attorney
After someone passes away, all assets such as real estate, bank accounts, investments, personal possessions, etc., become a part of his or her estate. Estate administration involves gathering all of the components of the estate, paying taxes and any debts, and distributing property to designated heirs of the estate as outlined in the deceased person’s will. The process of administering an estate can vary, and because so much is often at stake, it is often wise to place your trust in a probate attorney who can help you successfully handle any challenges that arise.
An estate’s executor is responsible for locating and gathering all of the deceased person’s property, paying all debts and taxes, and distributing all remaining property to entitled individuals. Anyone can serve as an executor, and the role is often established in a will and given to a trusted relative or close friend. If someone passes away without a will, then the court may appoint an executor who can chose to carry out the estate administration or hire an attorney at the expense of the estate.
After someone dies, his or her remaining debts are paid with money from the estate. If there is not enough money in the estate, the debt is often forgiven and not passed on to relatives or beneficiaries. However, if a deceased person’s debt is shared with a relative or beneficiary, then that person is responsible for repaying the debt.
Whether you’re currently in charge of administrating an estate and have legal questions, or you want the help of an attorney to execute the estate of a loved one, Annette has the skills and experience to handle the entire process quickly and efficiently. Contact her today to schedule a complimentary consultation!