If you are named as administrator of an estate, there may be some assets that fall out of the breadth and scope of the probate process. These non-probate assets must be dealt with separately as the rest of the decedent's estate goes through the probate process.
Learning you have been named as executor of somebody's estate can come as a surprise. While it is better for the decedent to have already pre-arranged with his or her intended executor to carry out these duties, many never get around to having that important conversation.
If you have been named as administrator of an estate where there is no will, your job will be more complicated than it would be if the decedent had legally spelled out his or her intentions.
If you are struggling with the administration of someone's estate, it can be quite frustrating. You might want to rush it through to appease family members and/or beneficiaries, but that could come back to haunt you with the liability.
One of the duties of a deceased person's legal representative is dealing with their tax situation. It might be up to you to handle tax matters if:
Elderly parents with several adult children sometimes elect to choose one child to be the executor of their estates when they die. This may give them comfort to think that they carefully selected the fairest and most responsible of their brood to carry out their final intentions, but this choice can foment bad blood between the siblings.
How convenient it would be if our loved ones always managed to have their affairs in tip-top shape at the time of their deaths. While some do manage to prepare for the inevitable and get their ducks in line, others' personal affairs are in disarray when they pass on.
Sometimes the administrators of estates have to deal with demanding and unpleasant heirs and beneficiaries. If they are really unlucky, they may even be related to them by blood or marriage.
If you are selected to administer a family member's, close friend's or business associate's estate, chances are that in this digital age, your responsibilities could include management of the digital assets of the deceased.
There are cases where it is appropriate that the Public Guardian and Trustee administers estates when the circumstances do not permit the beneficiary, intestate successor, executor or other eligible person to serve in that capacity. When that occurs, the PGT can agree to an appointment as executor.