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Home » Estate Planning » Wills » A Look At Estate Administration

A Look At Estate Administration

June 25, 2012 by John Potter

It can be difficult to get people to recognize how important it is to commit their final wishes to writing in one form or another. But if you are ready to finally put the procrastination behind you, gaining an understanding of estate administration details is part of the process.

Assuming you are using a Last Will to direct the transfer of assets to your heirs, the estate will be subject to the probate process. During this time the probate court supervises the administration of the estate.  The court will first examine the will to make sure that it is in fact the Last Will and that it is indeed valid.

If anyone wanted to protest the contents of the will, they could do so during probate. Additionally, any debts owed by the deceased must be paid during probate.

Assets will have to be inventoried, appraised, and sometimes liquidated, and ultimately the resources must be prepared for distribution to the rightful heirs.

All of the above requires quite a bit of work, and these responsibilities fall into the hands of the executor. He or she will work in conjunction with an Ashland KY probate lawyer who has a thorough understanding of the process.

It is important to understand what goes into the administration of your estate when you are making preparations for the future. To learn what you need to know, simply take a moment to set up an informative consultation with a licensed northern Kentucky estate planning attorney.

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Filed Under: Estate Planning, Probate, Wills Tagged With: Estate Administration, Estate Planning, Probate

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Overall The Potter Firm was very professional. They took what could of been a very complicated process and were able to break it down so it was a lot easier to understand. We are confident we now have made the right decisions in our estate planning. Good firm to work with.

DKS & KMS Client Review August 28, 2020

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John Potter has been a real pleasure to work with. He is very knowledgeable and explains things in a very simplistic manner so the average person can understand how/why the laws are written. He is very attentive and asks questions in such a way that not only helps him understand your goals, but also helps you think about what type of goals and expectations you should be considering. Exemplary client service.

David J. Client Review August 28, 2020

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My husband and I selected Ms. Potter to assist with our small business. She responsive and attentive every time I have a question or need assistance, and is extremely knowledgeable and able to answer any legal question I have had. I know I can count on Ms. Potter for all of my business legal needs and I would highly recommend her to anyone needing legal assistance with such.

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