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wlda

An independent executor is the personal representative of an estate either specifically named in the Will or, if died without a will, agreed to by all of the beneficiaries. An independent executor has the power to make all estate related decisions. Like any executor, an independent executor is required to 1) collect the assets, 2) pay off any debts, and 3) distribute the assets according to the Will. An independent executor, additionally, is required to 1) provide notice to potential creditors and 2) provide an inventory of the Estate's assets to the Court.... Read entire entry »


wlda

An estate administration involves gathering the assets of the estate, paying the decedent's debts, and then distributing the remaining assets to any heirs of the estate. An estate administration is necessary whenever an individual dies as his/her estate will need to be collected and managed.... Read entire entry »

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