Acting as the Administrator for probate estates encompasses many duties ranging from making burial arrangements to dispersing inheritance assets. Two types of probate estates exist; testate and intestate. Testate means decedent's executed a last will and testament. Intestate refers to estates where no Will exists. You can get more info about ventura probate lawyer at http://www.lawbh.com/ventura-probate-administration-attorney/.
Being an Administrator can be a difficult and time-consuming task. This is particularly true when administering the estate of a spouse or direct lineage relative. In addition to coping with personal grief and administration responsibilities, personal probate representatives must also cope with grieving heirs.
With testate estates, Administrator's are appointed by the Will. When decedents die without executing a last will, a probate judge will appoint an estate executor. In most cases, judges will appoint the surviving spouse, adult children or relative. If family members are unwilling to fulfill estate duties, a probate lawyer or estate planner can be appointed to the role.
Most probate executors require legal assistance with filing documents and transferring financial holdings. This is especially true when real estate is involved or if heirs contest the Will. It is a good idea to retain the services of a neutral third party to manage estate holdings when family strife exists.
Common estate administration duties include: taking inventory of estate assets; obtaining property appraisals; sending out creditor notices and paying outstanding debts; managing real estate and financial portfolios; contacting government agencies such as Medicare, Social Security or Veterans Administration; filing the decedent's last will and death certificate through the probate court; filing a final tax return; and distribution of inheritance assets to heirs.
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