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.
These course materials take you through the steps that are involved in the process of administering an estate from start to finish.
Summary of Contents
- Initial Steps in Estate Administration
- Dealing with Estate Assets
- Tax Returns
- Fiduciary Litigation
- Complicated Issues
- Closing the Estate