When an individual passes away, what happens to their assets and belongings? If the individual had assets, there may be a need to open an estate. This is often known as probate or estate administration. An executor or administrator must be appointed to represent the estate. The executor or administrator has the responsibility to notify beneficiaries, to file estate or inheritance taxes, to pay debts of the estate, to manage assets and to make distributions.
There are several critical steps involved which require detailed attention. It is worth utilizing the services of an Elder Law Attorney to handle these matters.
Contact us to schedule an estate administration consultation.