What is an administrator?
An administrator is an individual appointed by a court to settle the estate of a deceased person. In Indiana, an administrator is typically appointed when a deceased person fails to name an executor in their will or dies intestate (without a will). An administrator also takes over if an executor named in a will is unwilling or unable to settle the estate. The role of an administrator is to organize all of the deceased person’s assets, make necessary payments, and distribute assets to the beneficiaries of the estate. In order to be appointed as an administrator in Indiana, one must be at least 18 years old, not be a creditor of the estate, and be a resident of or have a business in the state. Administrators must also be approved by a probate court in the county where the deceased person lived. An administrator is responsible for filing the necessary paperwork with the court, keeping thorough records, and notifying potential creditors and other interested parties. They are also responsible for paying any debts or taxes owed by the estate. Once all debts are paid and the remaining assets are distributed, the administrator must provide the court with a final report outlining all activities taken during the administration process.
Related FAQs
What is a lapsed beneficiary?When is probate required?
Can creditors file claims against an estate?
What is an affidavit?
What is a no-contest clause?
What are the duties of an executor?
How many executors can be named in a will?
What is a revocable trust?
Are there special probate rules for minors?
What are the steps involved in the probate process?
Related Blog Posts
What You Should Know About Probate Law - July 31, 2023Probate Law: A Comprehensive Guide - August 7, 2023
Common Issues in Probate Litigation - August 14, 2023
The Benefits of Hiring a Probate Lawyer - August 21, 2023
What is Intestate Succession? - August 28, 2023