What is estate administration?

Estate administration is the process of taking care of someone’s estate after they have passed away. This includes collecting the person’s assets, valuing the assets, and paying any debts or taxes associated with the estate. In Minnesota, this process is known as probate. It is regulated by the state courts and they decide how the estate is to be distributed to the heirs or beneficiaries. The probate process in Minnesota begins with the filing of an application for probate with the court. This application lists the deceased person’s assets and debts, as well as identifying any heirs or beneficiaries. After the application is filed, a personal representative is appointed to act on behalf of the estate. The representative is responsible for managing the estate, which involves taking inventory of the assets and paying creditors and any taxes due. Once the debts and taxes have been paid, the estate assets are distributed to the heirs or beneficiaries according to the terms of the will or state law. In Minnesota, the executor of the will is responsible for overseeing the estate administration and distributing the assets in a timely manner. If the estate or beneficiaries cannot come to an agreement, the court may become involved in the process. The estate administration process can be emotionally and financially demanding. It is important to consult an experienced attorney to ensure that the estate is administered properly and that the deceased’s wishes are respected. An attorney can provide advice and help the executor of the will navigate the probate process in Minnesota.

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What is estate administration?

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