Estate Administration Basics
When a person dies, everything that person owned becomes his or her estate. Estate administration refers to the process of collecting and managing the assets of the estate, paying off debts and taxes, and administering any remaining assets to intended beneficiaries who stand to inherit under the decedent's will, or if no will, through the laws of intestacy in the state. This section provides basic information on the steps involved in administering an estate, including an estate administration overview, a look at how debts are treated after death, a guide to the executor’s responsibilities, and more. Choose from the list of titles below to get started.
- How to Administer an Estate
A guide to administering an estate. Learn about which state law applies, the difference between formal and informal probate, appointing a personal representative, inventorying and distributing the estate, and much more.
- What Does an Executor Do?
A broad overview of the executor’s role in estate administration. Learn about the many duties handled by the executor, including overseeing the disposition of property, paying off debts, and more.
- Estate Administration: The Will After Death
A look at how wills are treated upon the death of the testator. This article offers information on how probate works, the formal requirements for wills, and limitations on wills.
- Debts After Death
Learn about what happens to a person’s debts after he or she passes on. You’ll find information on whether you’re responsible for a deceased relative’s debts, how credit card debt is treated after death, and more.