After a person dies, his/her estate is to be administered in the way the deceased desired through. Administering the estate entails managing and distributing all assets in the estate per the terms of the trust. Typically, an executor or a trustee is named that will be responsible for the administration. Typically, an executor or a trustee is named in a person’s will or trust that will be responsible for such estate administration. This may include managing the trust assets, identifying and locating the beneficiaries, dealing with creditors, dealing with probate, paying debts and taxes, defending any lawsuits, etc. Trustees and executors have may legal duties and obligations to the estate and the beneficiaries. These obligations must be completed on time and correctly.
Estate or trust administration can be stressful because the person responsible for such administration is essentially in charge of all finances and assets of the deceased. This is a large responsibility and may cause conflicts with other family members of the decedent and/or the other beneficiaries. If the administrator of the estate poses a threat to the estate, is accused of embezzlement, neglects the estate or does not complete his or her estate administration duties, he can be removed by the court. Astria Law Group, PC assists clients navigate the legal procedures, requirements and responsibilities in a timely and organized manner.