Estate administration is the process of distributing probate and non-probate assets and fulfillment of the obligations of the decedent. Estate administration occurs after an individual with personal property or real estate passes away. Administration includes:
- Procedures and requirements relating to collection of assets
- Satisfying obligations such as debts, expenses, and taxes
- Distributing property to the heirs or beneficiaries
Most people pass away owning both probate and non-probate assets, all of which generally require some type of documentation to complete the transfer.
