Whats involved in administering an estate?
Briefly, the administration involves making funeral arrangements, identifying, securing and dealing with assets, obtaining Letters Probate or Letters of Administration from the Court, filing tax returns, identifying and paying valid debts and distributing the balance of the estate to the rightful heirs and/or beneficiaries. Complete and accurate records must be kept and produced if requested by heirs or beneficiaries. The administration of an estate often takes a year or longer to complete.
