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Probate Administration

Probate Administration occurs during the estate administration process. Typically an attorney will re-title assets according to formal legal protocols or proceedings. The attorney and his/her staff will usually notify creditors, publish legal notices, and make decisions about how and when to distribute assets while taking into account rights of creditors. A law firm may file a petition to appoint a personal representative. The administrator should review circumstances surrounding the decedent's death and protect assets against any pending suits. To facilitate correct and equitable distribution of assets pursuant to the estate documents, the administrator may need to facilitate sale of real estate or other assets. To pay estate taxes, the administrator may need to sell or hypothecate assets. At every step, trained tax and probate professionals can help the process go smoother while minimizing extra stress.

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© Tim Voorhees, JD, MBA, 1996-2013