Who Gets To Be The Administrator Of An Estate?
ฝัง
- เผยแพร่เมื่อ 5 ต.ค. 2024
- Build your estate plan online! MyAdvocate is the online solution for creating and maintaining your Will and all other legally-valid estate planning documents. Click the link below to get started!
www.myadvocate...
--
Many estate require an administration. An administration is necessary when estate matters need to be handled from the time a person dies until the time that the court approves and finalizes the distribution of estate assets to the appropriate heirs.
Estates are often administered when estate property needs to be sold, estate debts need to be paid, estate attorneys and accountants need to be retained, estate investments need to be managed, or businesses the deceased owned need to be run.
When a person dies with last will and testament, the executor named in the Will is in charge of the administration. If a person creates a revocable living trust and transfers title to their assets to their trust, the Successor Trustee will administer the trust assets after the trust Settlor dies.
If a person dies with no legal plan in place, a judge will appoint an Administrator, perhaps from one or more people who apply for the position as Administrator.
For prospective law firm clients who want to schedule a free 15 minute initial phone call with Paul Rabalais, go to: go.oncehub.com...
This post is for informational purposes only and does not provide legal advice. Please do not act or refrain from acting based on anything you read on this site. Using this site or communicating with Rabalais Estate Planning, LLC, through this site does not form an attorney/client relationship.
Paul Rabalais
Estate Planning Attorney
www.RabalaisEstatePlanning.com
Phone: (225) 329-2450
This video is GOLD!!! Thank you sir!
As always, thank you for all of your scenarios and advice.
Hello ...I'm from Fiji Islands. My husband passed way 9yrs ago without a will.We have 3 kids,1 married ,one turn 18yrs old and the youngest is 14yrs old.
After paying of all his depths,I did I probate.My eldest son and family lives with me on the property.
Anyway ,I'm a widow and a handicap .I want to sell the property cause of my condition and the area the property sits cause of my disabilities. I had my leg amputated last year and is really ha4d for me cause it's sits into of a hill.
So I'm the administrator of the property ,my question is ...As the administrator of the property,can I sell the property?
My son doesn't want to sell or repair.The home needs alot of maintenance nd also a freehold land.
I need advice sir
I love how you broke down and used examples. Great video
Thanks ST 😎
Great video :), thanks. As an aside; R.I.P, Big Shot, one thing I can say about Big Shot, is that he made great Cola :).
Can a beneficiary who will be making and filing a forced heirship claim request an independent administrator of the succession who is not the executor or administrator named in the will?
What are the pros and cons of having the estate attorney also act as administrator? Would the estate attorney be able to bill some or all of their administration tasks as lawyer fees? That would, of course, enable them to receive a lot more money as administrator than anyone else would be able to get out of a smaller estate.
Can the admin make changes to the estate money disperse rates to an admin? Like instead of 1000$ month take it all out for real estate investments
Thanks for the clarification.
Thank you so much for the video.
I have a question, my mom passed away with no will but left a note wanting me to be her power of attorney. What is my first step and what do I do. She had no property other than $14,000
What if I am the grandchild and co-owner with decease (on their real estate property) who has two surviving heirs? I pretty much know all information about bills, assets, etc.
How does one file in order to get appointed as Administrator? (Decease did not have a will)
Edited:Thanks, very informative video as well.
What I get is that only one can be appointed administrator. Can there be 2 administrators?
Pros and cons of picking an corporate trust administrator? like edward jones, fidelity, etc...... video idea Thanks!
Thank you
What if dad changed will at
last moment and left everything to me his first born son.But stepmom tried to change his will.
But me the first born found
attorney and original will.
the one who has priority has 44 civil lawsuits against them on casenet and were fughting her appointment
Great explanation ❤
When you’re appointed as administrator how long does that last?
I parents owned a co-op but my dad wasn’t able to put my mom an the stock certificate, but they were married and lived together for over 50 years. After his death mom and I were both appointed by the court as administrators. Prior to her death she wrote a will apointing me as her soul heir of her of the estate/co-op. Should the co-op haven transferred to my mom once my dad passed way as his wife? I have siblings whom all have signed a waiver appointing me by administrator. Can I get a loan for repairs as an administrator?
My daughter is an administrator of an estate of his late Uncle however we lived in the Philippines. How can my daughter represent herself in an American court.
What if stepmom and brother did crooked things with probate judge
Rene you have multiple comments and I would advise you to learn the law yourself and call them out on their crooked behavior
Probate Judge got caught
House money stocks and bonds
What if the administrator has gone on a drunken bender and is not doing anything? We're waiting for him to take care of tax clearance, give us accounting, etc. But he's doing NOTHING
That’s a very good question! My brother wanted to be appointed administrator for my brother who passed away and my mother signed a renunciation letter but I had questions and he got mad at me and won’t speak to me for the past week. What kind of administrator would that be?