Intestate Estate Administration
“Our Skilled Legal Team Directs You Throughout the Estate Administration Process”
Memphis Estate Administration Abogado
Being named as the executor or administrator of a family member’s or loved one’s estate is a weighty responsibility. While some may volunteer to help a family member out or feel compelled to assist their loved one after his or her death, many who do so feel overwhelmed and unprepared for the time-consuming and challenging task that lay ahead.
If you are facing a similar situation and do not know where to turn next, Douglass & Runger, Licenciados en Leyes, is a Tennessee-based law firm that can assist you in fulfilling your duties and responsibilities. Contact us today at (901) 388-5805 to learn more about your legal options. Let us take the pain out of the process so that you can focus on healing and moving forward after your loss.
Duties and Obligations During Estate Administration
Most do not comprehend the vast amount of duties and responsibilities that an executor or administrator has placed upon him/her at the time of a loved one’s passing. These responsibilities can linger for months – if not years – until the time when the deceased’s estate is properly wound up and/or the court releases the administrator or executor from further responsibilities. These responsibilities and duties must be carried out diligently and competently; if not, heirs and beneficiaries can bring a lawsuit against the executor or administrator for damages.
Some of the common duties and responsibilities that executors and administrators have include:
Present the deceased’s will to the court for probate
Taking inventory of the deceased’s estate
Notifying heirs and potential beneficiaries:
Provide an accounting to the court:
The size and complexity of the estate can dictate how long the estate administration process will last. For small estates with few assets, estate administration can last for several months. For large estates with many beneficiaries and heirs or many creditors, the estate administration process can last for years.