Los Angeles Probate Administration Attorney
Do You Need Assistance with Probate Administration in Los Angeles?
Probate administration has to do the management of the estate of a decedent who has left a will or died without a will. In the will, the decedent normally appoints a person to serve as the manager of the estate, called the executor. If there is no will, the court will appoint an administrator to manage the administration of the estate. If you have been named as the executor or administrator, you have a number of duties and must comply with specific requirements of the law. As these requirements are exact, it is advised that you have experienced assistance as you navigate this area. You are urged to contact a Los Angeles probate lawyer.
Probate Administration Actions
As executor to an estate, you have a number of duties and actions. You are a fiduciary, which means that you as an executor have a duty to act for the best interests of the estate. You may not take advantage of your position for personal profit. You must keep the funds of the estate in a separate, well-marked bank account and do regular accountings to the court.
A number of specific actions are expected of an executor:
- File the Petition for Probate
- Publish Notice of the Petition to Administer Estate
- Mail notices of hearing to persons required to receive notice
- File a bond to guarantee your performance
- Prepare an Inventory and Appraisal of the assets
- Give notice to known creditors of their opportunity to file claims
- Pay debts (If not enough funds, you may have to sell assets to accomplish this.)
- File a Final Accounting and Final Petition for Final Distribution and give notice to all parties
- Appear at final hearing and then implement the judge's Judgment of Final Distribution
Experienced Attorneys Serving the Los Angeles Area
The law firm of Kerendian & Associates, Inc., serving the greater Los Angeles area, is ready to help with your probate administration. We are seasoned professionals in probate and would be pleased to help make your probate administration as smooth as possible.
Contact a Los Angeles Probate Attorney
at the firm for competent assistance with your probate administration.
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