When you need an estate administration lawyer you need to fully understand what they do and how they can serve the best interests of the will or trust holder. As a guiding force given the power to ensure the correct distribution of an account, these legal professionals ensure that in the case of death everything is kept in line with the wishes of the deceased. Whether dealing with property or finances, there are many elements to be taken care of, and this ensures that a trusted professional can handle every element with an expert and unbias eye.
What Does This Role Entail?
This appointed legal expert is the person in charge of compiling assets and managing the entirety of the estate through probate court. This person may also be appointed in this way as the personal representative, typically named within the plan if appropriate. If the person who passed away did not have a will or plan in place then it would be up to the court to decide who is best suited to handle the distribution of the account. This responsibility will usually fall to the next of kin who may be a spouse or a member of the immediate family. In most cases, the administrator will also be compensated for their duties as the entire process can be time and resource-draining to manage in its entirety.
Difference Between Executor And Administrator
The difference between these two roles is how the two roles are established. An executor is named within the will itself, while the administrator is most likely appointed because there is no existing will present. Both of these roles must always report to the probate court, however, the role of executor does have a bit more autonomy as they are the personally appointed lead. These individuals also usually have far more power over the division of assets as well. This is usually an occurrence as appointments through a will usually come with accompanying abilities and allowances of the role, in writing from the will holder. An administrator, on the other hand, is guided by state law and has little autonomy when it comes to their own personal views on the matter.
When you have estate administration lawyers in the mix you have a trained and skilled eye that is without bias in the situation. They are guided by the courts and legal framework to determine the best possible way to distribute assets and finances. When you need ot know more about the role they play in a will, be sure to contact our professional team.