Complete guide to the comprehensive Estate Administration Process, from confirming demise, handling estate legalities, to final court accounting.
1
Confirm the death of the deceased and obtain death certificate
2
Identify the executor or administrator of the estate
3
Locate the deceasedās Last Will and Testament
4
Confirm the validity of the Last Will and Testament
5
Perform inventory and valuation of all estate assets
6
Notify known creditors about the death and the estate administration process
7
Settle any outstanding debts and liabilities from the estateās assets
8
File necessary estate and income tax returns
9
Pay any due taxes from the estate's assets
10
Approval: Executor of the estate on settlement of taxes
11
Distribution of remaining assets according to the terms of the Will
12
Provide accounting to the court and beneficiaries
13
File a final account with the probate court
14
Approval: Probate Court on Final Account
15
Close the estate with the probate court
Confirm the death of the deceased and obtain death certificate
Confirm the death of the deceased and obtain the death certificate. This task serves as the starting point of the estate administration process. It is important to gather the necessary documentation to proceed with the next steps. Have you obtained the death certificate? If not, take the required steps to obtain it.
1
Yes
2
No
Identify the executor or administrator of the estate
Identify the executor or administrator of the estate. This person will be responsible for overseeing the estate administration process. Who is the executor or administrator of the estate?
Locate the deceasedās Last Will and Testament
Locate the Last Will and Testament of the deceased. This document outlines the wishes of the deceased regarding the distribution of their assets. Where is the Last Will and Testament located?
Confirm the validity of the Last Will and Testament
Confirm the validity of the Last Will and Testament. This involves a legal evaluation of the document and ensuring that all legal requirements have been met. Has the validity of the Last Will and Testament been confirmed?
1
Yes
2
No
Perform inventory and valuation of all estate assets
Perform an inventory and valuation of all estate assets. This includes documenting and determining the value of all assets owned by the deceased at the time of their death. Have you completed the inventory and valuation of estate assets?
1
Yes
2
No
Notify known creditors about the death and the estate administration process
Notify known creditors about the death and the estate administration process. It is important to inform creditors to allow them to make any claims against the estate. Have you notified known creditors about the death and estate administration process?
1
Yes
2
No
Settle any outstanding debts and liabilities from the estateās assets
Settle any outstanding debts and liabilities from the estateās assets. This involves using the estate's assets to pay off any outstanding debts and liabilities. Have you settled any outstanding debts and liabilities from the estate's assets?
1
Yes
2
No
File necessary estate and income tax returns
File the necessary estate and income tax returns. This ensures compliance with tax laws and allows for the payment of any taxes owed by the estate. Have you filed the necessary estate and income tax returns?
1
Yes
2
No
Pay any due taxes from the estate's assets
Pay any due taxes from the estate's assets. This involves using the estate's assets to fulfill any tax obligations. Have you paid any due taxes from the estate's assets?
1
Yes
2
No
Approval: Executor of the estate on settlement of taxes
Will be submitted for approval:
Pay any due taxes from the estate's assets
Will be submitted
Distribution of remaining assets according to the terms of the Will
Distribute the remaining assets according to the terms of the Will. This ensures that the deceased's wishes regarding asset distribution are carried out. Have you distributed the remaining assets according to the terms of the Will?
1
Yes
2
No
Provide accounting to the court and beneficiaries
Provide accounting to the court and beneficiaries. This involves preparing a detailed report of all financial transactions related to the estate administration process. Have you provided accounting to the court and beneficiaries?
1
Yes
2
No
File a final account with the probate court
File a final account with the probate court. This concludes the estate administration process and provides a final report of all activities performed. Have you filed a final account with the probate court?
1
Yes
2
No
Approval: Probate Court on Final Account
Will be submitted for approval:
Provide accounting to the court and beneficiaries
Will be submitted
Close the estate with the probate court
Close the estate with the probate court. This signifies the official end of the estate administration process. Have you closed the estate with the probate court?
