Estate Administration Basics

When a person dies, all of his or her possessions – real estate, money, stocks, personal belongings, etc. – become a part of his or her estate. Estate administration refers to the process of collecting and managing the estate, paying any debts and taxes, and distributing the remaining property to the heirs of the estate. The heirs of an estate are determined by will, and if there isn't a will, by the intestacy (which means dying without a will) laws of each state. FindLaw's section on Estate Administration Basics provides information on how to administer an estate, what being an executor means, and what happens to a person's debts after his or her death.

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