Estate administration is the process by which an individual’s lifetime financial affairs are wound up and their property and assets distributed after they die. The process differs from state to state. In California, people in the following order can act as executors or administrators:
No matter what category you fall into, administering an estate can be straightforward or a bureaucratic quagmire, depending on how thorough the deceased person was in setting up their estate succession plan. If all legal ducks are in line, there should be no problem. However, if the deceased was ambiguous about expressing their final wishes, you will probably need an estate planning attorney to figure things out. And – warning’s fair – even if all documents are in order, things can still get complicated. There’s always that cantankerous relative who insists they did not get what they deserved, and they will see you in court.
To tackle estate administration, you should know what is expected:
This is California—whatever you do:
Securing court approval for routine expenses or the sale of assets slows things down but is essential to properly probating an estate.
Word of Advice
In California, the probate process ensures that all creditors and beneficiaries/heirs secure what they are entitled to receive before an estate is officially closed. Creditors that show up after the estate is closed can still file for payment. As an estate executor or administrator, you do not want to find yourself on the wrong end of a lawsuit.
At The Law Offices of Michael K. Lanning, APLC, our experienced attorneys have helped hundreds of clients negotiate estate administrations over the past 30 years. Do you have questions? We can answer all of them and guide you through what can be a complicated process. Contact us at 310-820-1600 or go to our website to learn more and set up a consultation.
We serve Los Angeles and the surrounding communities.
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