What is estate administration?
Estate administration is the process of managing a deceased individual’s estate in accordance with the laws of the state of California. This includes taking inventory of the deceased’s assets, paying any debts, and distributing the remaining assets or property. The executor of the estate is responsible for the administration of the will as laid out by the deceased. In California, estate administration is governed by probate law. This law is established by the state’s legislature and courts and is designed to ensure that the wishes of the deceased are carried out. It sets forth the procedure for administering an estate and outlines the steps that should be taken as well as what is expected of the executor. The executor of an estate is responsible for filing the necessary paperwork with the appropriate court and ensuring that the assets are managed appropriately. This includes collecting funds, paying any taxes or debts owed, and distributing the remaining assets as outlined in the will. Any disputes that arise during the estate administration process must also be resolved through the court. Estate administration also involves making sure that any survivors of the deceased are aware of any inheritance that may be due to them. This includes notifying heirs or beneficiaries of their rights with respect to the administration of the estate. The executor of the estate must also provide a detailed accounting of all assets and expenditures during this process.
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