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The administrator of an estate is a legal term referring to a person appointed by a court to administer the estate of a deceased person who left no will. [1] Where a person dies intestate, i.e., without a will, the court may appoint a person to settle their debts, pay any necessary taxes and funeral expenses, and distribute the remainder according to the procedure set down by law.
In this case the court will make the grant to the person, usually the residuary legatee, with the largest beneficial interest in the estate. Administration de bonis non administratis occurs in two cases: Where the executor dies intestate after probate without having completely administered the estate; Where an administrator dies.
Intestacy has a limited application in those jurisdictions that follow civil law or Roman law because the concept of a will is itself less important; the doctrine of forced heirship automatically gives a deceased person's next-of-kin title to a large part (forced estate) of the estate's property by operation of law, beyond the power of the deceased person to defeat or exceed by testamentary gift.
You'd understand the nightmare that probate court can be when divvying up an estate without a will; it gets parsed. If you don't have a will, chances are you've never been in a situation where ...
A will is an essential estate planning tool that empowers you to make informed decisions about your legacy and assets. It provides peace of mind knowing your loved ones will be cared for and your ...
AP Real-estate developer Roman Blum wasn't famous during his lifetime. But when the 97-year-old died in 2012, he quickly became famous for something he failed to do during his lifetime: write a will.
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