ESTATE ADMINISTRATION PROCESS – WHAT IS IT?
The estate administration process involves managing the assets
(and liabilities) of the deceased. This includes paying any
outstanding debts, as well as distributing any assets. In the will,
an 'executor' will often be appointed. This is the
individual responsible for the distribution of the estate as well
as resolving any claims against the estate (e.g. family provision
applications, or claims by creditors of the deceased etc.).
Where an executor is not appointed, or there is no will in
place, a personal representative such as a family member, close
friend or solicitor will be appointed to administer the estate by
the court.
The executor or personal representative is required to
administer the estate in accordance with the final will of the
deceased, or if the deceased did not leave a will, in accordance
with the rules of intestacy.
