After the appropriate statutes of limitation have passed, and all claims and taxes have been paid, the personal representative or administrator has a duty to distribute the assets which remain in the estate to either the beneficiaries named in the decedent’s will or to the heirs at-law The person administering the estate, whether a personal representative or administrator must follow certain rules before the assets can be distributed. Those rules are different based on whether the administration is supervised by the court or independent.
Although receiving the asset from the estate is the most important concern of the beneficiaries, the most important concern for the person administering the estate is making sure they administer the estate in such a manner so as to receive a discharge from personal liability in regards to that administration.
SCHEDULE CONSULTATION