What Should I Expect During the Estate Administration Process?
Estate Administration Process Overview
What Should I Expect During the Estate Administration Process? If you're responsible for administering an estate, you may be wondering what to expect during the process. The specific tasks involved in estate administration can vary depending on the size and complexity of the estate, as well as whether the deceased person left a will. However, there are a few steps that are common to most estate administration cases.
Probating the will: If the deceased person left a will, the first step in the estate administration process is often to probate the will. This involves filing the will with the court and having it authenticated.
Identifying and inventorying assets: An important part of estate administration is identifying and inventorying the assets of the deceased person. This may include real estate, personal property, and financial accounts.
Paying debts and taxes: The estate is responsible for paying any debts or taxes that are owed, including estate taxes, income taxes, and debts to creditors.
Distributing assets: Once debts and taxes have been paid, the remaining assets can be distributed to beneficiaries according to the terms of the will or state law.
The estate administration process can be complex and overwhelming, but an experienced estate administration attorney can help you understand your responsibilities and guide you through the process. If you need help administering an estate, call Doucet Co., LPA at (888) 200-9824. Our experienced attorneys are here to help you through every step of the process.