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. This course takes you through the initial steps that are involved in the process of administering an estate, how to handle tax returns, and closing the estate.
Summary of Contents:
- Initial Steps in Estate Administration
- Tax Returns
- Closing the Estate