Estate Administration Introductory Guide
This section contains information about what the Estate Trustee’s (also known as the Executor) responsibilities are, what information is needed to administer an estate and what the costs are for administrating an estate.
The job of administrating an estate can be a very stressful one because of the emotions that naturally occur on the passing of one’s loved one, be it a spouse, a parent or a close relative or friend. However, it is really not an overly difficult job. There are just many aspects to it. It is a job that can be done satisfactorily by the average person. It is my job, as the lawyer, to advise the estate trustee exactly what his or her duties are and complete the many legal aspects of administering an estate. Often, my staff and I will take on estate trustee tasks when requested to do by the client.
Proper preparation might substantially reduce legal fees, court processing fees and taxes. I have counselled my clients to make the job of administering estates easier and less stressful. I have shown them how to leave complete instructions and information for their executors. I developed a manual for my will clients to record up to date information and instructions. I have advised them to register their assets and name their beneficiaries in such a way to reduce legal and court fees and taxes. I have sent their executors a letter with an article about the administration of estates and advised them of this manual of information. Hopefully all this will help the Estate Trustee.
There is a common misconception among many people that the lawyer who prepared the will is the lawyer who must be the lawyer regarding the administration of the estate. This is simply not so. Any lawyer can represent the Estate Trustee, not just the lawyer who prepared the will.
I would be pleased to answer your questions about estate matters. I would remind you that my articles are not a substitute for obtaining legal advice but for general information. It is still advisable to consult a lawyer about estate matters.
Quick Guide to Estate Administration Articles
- The Administration of Estates explains the functions of an executor.
- Preparing for an Easier Administration of an Estate advises named executors as to what they might do to ensure their job is easier and less stressful.
- What to Do When Death Occurs is a simple guide of what to do when death occurs.
- Definitions, Wills, Powers of Attorney explains plainly many of the legal terms that are used in estate matters.
- Estate Information Form basic information required to administer an estate.
- Estate Assets, Debts & Benefits Form financial information required to administer an estate.