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What else can I help you with?
Can the administrator of an estate be reimbursed for paying property taxes from their own funds?
You should check with the attorney who is handling the estate for the procedure in your particular jurisdiction. Generally, The administrator may file a claim against the estate and file the tax bill with proof of payment. They should be reimbursed from the estate before any proceeds or assets are distributed to the heirs. The issue should also be addressed in the final account for the estate.
How do you endorse a check as administrator of estate?
As the administrator of an estate, you can endorse a check by signing the back of the check with your name followed by your title as administrator. It’s important to include the estate's name as well, typically formatted as "Your Name, Administrator of the Estate of [Decedent's Name]." This clearly indicates that you are acting in your official capacity and helps ensure that the funds are properly managed according to the estate's terms. Always check with your state's laws or consult an attorney if you're uncertain about the process.
Is an estate administrator paid after the estate is settled or can they collect before it is settled?
They can collect before it is settled
Is income in respect of a decedent taxable?
Yes. Death does not get you out of paying income taxes in the United States. I do several returns a year for deceased people. This is called a Decedents Return. If the person dies on January 1st they have to file a return for the entire year if they had income over the threshold to file. The Administrator or whomever is in charge of the Estate is responsible to file and pay the any taxes due from the Estate.
What tax credits can i claim from an estate I was administrator of?
There are not likely to be any tax credits. The estate should reimburse you for your time and expenses.
Can a daughter file to be the administrator of the estate for her father if he died without a will?
Yes.
Can a creditor become an administrator of an estate?
Yes, they can. Often a creditor will file for an estate so they can collect their money.
Can the administrator of an estate spend money from the estate and not tell the remaining heirs?
The Administrator of an estate must file an inventory listing all the assets and when the estate has been settled must file a final account that states where all the assets went. They are required to account for all money they spent or distributed. Therefore they cannot squander money from the estate. An administrator is subject to the provisions of the state laws that govern fiduciaries. They can be prosecuted for stealing from the estate or for wasting the assets. They are personally responsible for making restitution if they mishandle the estate assets. You can go to the court and review the file. If they haven't filed an inventory or account then file a complaint with the probate court. An administrator who fails to perform their duties can be removed.
Can heirs of mothers estate file ensolvency if there is already an administrator?
No. It is the responsibility of the administrator to notify the court if the estate is insolvent and provide all the supporting documentation.No. It is the responsibility of the administrator to notify the court if the estate is insolvent and provide all the supporting documentation.No. It is the responsibility of the administrator to notify the court if the estate is insolvent and provide all the supporting documentation.No. It is the responsibility of the administrator to notify the court if the estate is insolvent and provide all the supporting documentation.
How do you become executor of an estate without a will?
You would not be an executor. You would be an administrator. You file an application with the probate court in your jurisdiction to be appointed the administrator of the estate.
Does guardian of estate have more power than administrator of estate?
No. A guardian of an estate is the person appointed by the court to manage the property of a living person (the ward) who is incapable of managing their own property. The guardian's power and authority expire immediately upon the death of the ward but the guardian must file a final account with the court that details any assets that came in to the ward's estate since the last account and any that went out.The administrator of an estate is the person appointed by the court who has the authority to settle the estate of the decedent, or the person who has died. The administrator has the responsibility and authority to file an inventory of the decedent's estate with the court and has the legal standingto file a motion to compel the guardian to file their final account.
How can someone file for executor of an estate without a will?
To file for executor of an estate without a will, a person can petition the probate court to be appointed as the administrator of the estate. The court will consider the person's relationship to the deceased, their ability to handle the responsibilities of the role, and any objections from other interested parties. It is important to follow the legal process and requirements set by the court in order to be appointed as the administrator of the estate.
Can the administrator of an estate be reimbursed for paying property taxes from their own funds?
You should check with the attorney who is handling the estate for the procedure in your particular jurisdiction. Generally, The administrator may file a claim against the estate and file the tax bill with proof of payment. They should be reimbursed from the estate before any proceeds or assets are distributed to the heirs. The issue should also be addressed in the final account for the estate.
Co-administrator of estate?
The co-administrator of an estate has as much equal access to the estate as the administrator. If property or the estate needs to be divided, the parties will need to agree.
The estate was probated a year ago and administrator refuses to contact me. I fear he's 'run off' with the proceeds. Do heirs HAVE to receive 'settlement papers' after an estate has been probated?
You should visit the court immediately and ask for instructions on how to file a petition to compel the administrator to account for his actions regarding the estate. You should also contact the attorney who is handling the estate. Stealing the proceeds from an estate is a criminal offense. You have waited too long already.You should visit the court immediately and ask for instructions on how to file a petition to compel the administrator to account for his actions regarding the estate. You should also contact the attorney who is handling the estate. Stealing the proceeds from an estate is a criminal offense. You have waited too long already.You should visit the court immediately and ask for instructions on how to file a petition to compel the administrator to account for his actions regarding the estate. You should also contact the attorney who is handling the estate. Stealing the proceeds from an estate is a criminal offense. You have waited too long already.You should visit the court immediately and ask for instructions on how to file a petition to compel the administrator to account for his actions regarding the estate. You should also contact the attorney who is handling the estate. Stealing the proceeds from an estate is a criminal offense. You have waited too long already.
How do you file to become an estate administrator?
Apply to the appropriate probate court using the correct forms. They are normally available at the courthouse or online.
What happens to the administrator of an estate with creditors?
The Administrator must file the proper notices that the estate has been filed to give the creditors the opportunity to file claims against the estate. The estate is responsible for the debts of the deceased. Claims by creditors must be paid before any assets can be distributed to the heirs-at-law. There is a statutory schedule by which creditors must be paid. If there are not enough assets to pay the creditors the estate is declared insolvent. The adminstration of an estate is a legal process that must be done according to the law. If the appointed Administrator doesn't know how to carry out their duties according to the law they should hire an attorney to supervise the probate process. Distribution of assets before creditors are paid can leave the Administrator exposed to personal liability.
