${site.data.firmName}${SEMFirmNameAlt}
Contact us today 770-744-1111 will call back
within 24 hours
Menu Contact
NOT JUST A LAW FIRM … A SOLUTION

The steps of estate administration

When a loved one dies, dividing up his or her estate has to be done in a specific way. Estate administration can be a complex process. There are certain steps that must be followed to make sure it is done properly and in accordance with Georgia law. So, what are the steps to estate administration?

Step number one: inventory and value. Before any assets can be divvied out to beneficiaries, it is necessary to inventory all assets first in order to make sure they are all accounted for, and it is also necessary to determine their value. This can take time, especially if the decedent failed to create or update an estate plan.

Step number two: open a probate case. While not all cases end up in probate court, it is necessary to open a probate case in order for a personal representative to access and distribute assets, pay creditors and pay taxes on the estate. This is easy to do -- it is just a matter of filing the proper forms in court.

Step number three: pay debts and taxes. This cannot be avoided. Creditors must be given a specified period of time to file claims against the estate. If their claims are approved, money from the estate must be used to pay the debts. It is also necessary to file and pay final income taxes for the deceased and pay any estate taxes owed.

Finally, step number four: distribute and close the case. Once all taxes and creditors are paid and any claims made against the estate are resolved, then assets can be distributed to beneficiaries under the supervision of the court. Following the distributions, the probate case may be officially closed out.

In all, the estate administration process can take months, possibly years depending on whether any complex matters require resolving. This is not something family members have to go through alone. Legal counsel can help those who need to go through this process in Georgia get through it as quickly and painlessly as possible.

No Comments

Leave a comment
Comment Information
EMAIL US FOR A RESPONSE

Contact Us today! We promise to call back within 24 hours.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Cumming Office
202 Tribble Gap Road Suite 200
Cumming, GA 30040

Phone: 770-744-1111
Fax: 770-781-9191
Cumming Law Office Map

The Gilbert House
38 Sloan St
Roswell, Georgia 30075

Roswell Law Office Map

Cumming Office
Roswell Office
Address