by Mark on October 10th, 2007

Mark

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What is a letter of executor or personal administration?

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  • by Sosueme on October 12th, 2007

    Sosueme

    In a nutshell, "letter of administration" is simply paperwork which must be filed with the local (where the deceased lived) Registrar of Wills. Typically, if an exexutor/executrix is named in the Will, that person files the Will with the registrar, completes formal paperwork and is appointed to administer the estate. If there was no Will, you need to petition the Court to be appointed. That's the easy part. Depending on the size of the estate, the number of named beneficiaries, amount of debts owed, potential estate and inheritance tax filings etc. the executor/administrator may have a lot of work to do. If you are not well versed in what needs to be done, you may want to hire an attorney for assistance. Any attorney fees come out of the deceased's estate. Also, in most states, as an executor/administrator, you would be entitled to a commisssion fee for your time spent finalizing the estate. Be sure to keep accurate records of everything you do (what, when, time spent etc). Hope this helps.

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