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Old 08-10-2017, 01:33 AM   #1
jamessmith4152
Fashion Forward
 
Join Date: Jun 2011
Posts: 57
Default Estate Administration

Whenever a person dies, his or her estate needs to be collected and managed. Estate administration involves gathering the assets of the estate, paying the decedent's debts, and distributing the remaining assets. Without a basic understanding of the estate administration process, the whole experience can be pretty overwhelming.The personal representative or executor of an estate may be a person or a company such as a bank. Personal representatives may be nominated by the decedent in their will. If there is no will, or the will fails to nominate a personal representative; the court can appoint a personal representative, usually the surviving spouse or another close family member. In some cases more than one personal representative will be named.




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