When someone passes away, everything that person owned becomes his or her estate. In general terms, the process of administering a decedent’s estate involves collecting all assets, locating all creditors, paying all debts, paying all applicable taxes, and then distributing the remaining assets to the persons entitled to inherit under the decedent’s Will, or, where there is no Will, under the laws of intestacy. Explore the steps involved in the process of administering an estate from start to finish.
Summary of ContentsInitial Steps in Estate Administration
Dealing with Estate Assets
Closing the Estate