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estate
administration-page 2
What is Estate Administration?
After a loved one has died, the burden and uncertainty
can be overwhelming to families. This brochure
may simplify your perspective on what needs to
be done. Michael H. Marks & Associates
acts on your behalf and/or helps you to “administer
the estate” (wind up the affairs of your loved
one). Working with the Executor(s) or other representatives
of the estate, we:
- Gather
the assets, see what’s there, and sell what
needs to be sold;
- Pay
the bills, debts, taxes and expenses that must
be paid;
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If your financial circumstances have changed;
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Distribute what’s left over to those who are
supposed to receive it and account for these
distributions; and
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Take care of any probate proceedings - the process
of transferring assets owned by the decedent
in his or her name only, to the heirs or beneficiaries,
including necessary court proceedings and paperwork.
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