An administratrix is a female administrator.
what is the power of attorney duties for a living will?
You must petition the probate court to be appointed the administrator of the estate. If you are appointed you will need to post a bond and you will be issued Letters of Administration.
An administratrix CTA or "cum testamento annexo" is a legal term that refers to a person appointed by the court to administer the estate of a deceased person according to the terms of their will. This individual is typically responsible for managing the assets, paying debts, and distributing the remaining property to the beneficiaries named in the will.
Until you have collected all the debts of the estate and paid them, and collected all the assets, made an accounting, and distributed specific gifts.
Generally, an Administrator must petition the court for a license to sell the real estate. You would need to check the laws of your state. The attorney who is handling the estate should be able to answer your question.
Magdalen Cochran has written: 'Magdalen Cochran, otherwise Campbell, widow and administratrix of Captain John Campbell of Carrick, deceased, -- appellant. Mrs. Jean Campbell -------- respondent. The appellant's case'
Yes everyone has to sign papers and agree on a person that will administate the estate and setle it and see to that the wishes said in the will are carried out.
The first step is to preserve the estate, then inventory, document and value all of the assets. Determine all of those that are owed money and clear all debts from creditors and all taxes. Once those are resolved, the distribution according to the will or the intestacy laws of the state.
The estate of the decedent is responsible for paying the judgment in any lawsuit against the decedent. When notice of the lawsuit has been filed in the estate the Administrator would be responsible for maintaining the assets until the lawsuit has been resolved. No distribution can be made to beneficiaries until the debts of the estate are paid. The Administrator can be held liable if they distribute assets before debts are paid.
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. 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 at law. Such a person is known as the administrator of the estate and will enjoy similar powers to those of an executor under a will. A female administrator is referred to as an administratrix.
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You should consult the attorney who is handling the estate. Deeds should be drafted by an attorney and a court appointed administrator must obtain a license from the court to transfer real property.You should consult the attorney who is handling the estate. Deeds should be drafted by an attorney and a court appointed administrator must obtain a license from the court to transfer real property.You should consult the attorney who is handling the estate. Deeds should be drafted by an attorney and a court appointed administrator must obtain a license from the court to transfer real property.You should consult the attorney who is handling the estate. Deeds should be drafted by an attorney and a court appointed administrator must obtain a license from the court to transfer real property.