Estate Administration in Malibu, California

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Estate administration, in basic terms, is the process of maintenance and distribution of a person's assets after they die.

If the decedent had the foresight to draft and execute a will in Malibu, California, the estate is usually administered in a way that follows the instructions the will lays out, as closely as possible.

The decedent normally names in the will an executor of his or her estate. The executor is the person whose job it is to take the lead role in the administration of an estate.

The person named as executor of an estate normally has some work ahead of them. To ensure that they really follow through on their obligations, most people name as executor the person who will get the most money, or other benefit, if the will is given effect as written. Because an estate can't be distributed until the administration process is complete, the executor has an incentive to see it through.

What if The Will Does Not Name an Executor?

If a Malibu, California will does not name an executor, or no will exists or can be found, it's up to the local court to decide who should be the executor.

This is most commonly the person who stands to gain the most from the will, or who would inherit the most under California's intestacy laws. Intestacy is the system that every state has in order to deal with the property of people who die without a will. It normally distributes the property to the closest living relatives of the decedent, assuming they can be located.

When a will is silent as to who should be the executor, any person who has some direct interest in the outcome can ask to be named executor by the Malibu, California court.

Whoever ends up as the executor, it is their responsibility to serve as the personal representative of the estate. They will be responsible for taking account of all of the decedent's assets and debts, as well as notifying beneficiaries who may be estranged from the decedent, among other things.

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Can a Malibu, California Estate Administration Attorney Help?

If you have unexpectedly been appointed to be the executor of a relative's estate, and don't know how to handle this process, you should speak with a brilliant Malibu, California wills and trusts attorney.

4 Wills, Trusts and Estates cases posted to LegalMatch lawyers in Malibu

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Life in Malibu

Malibu, California is a beachfront city in Los Angeles County, California. its population is approximately 12,700 people.

Malibu is one of the most affluent cities in Los Angeles County, with a median household income of over $100,000 per year. 

Malibu is best known for its beaches. The presence of these beaches, and their quality, caused the value of beachfront property in Malibu, California to soar, with people from all over the country scrambling to take up residence there. Over the past several decades, this created a boom for real estate brokers, and Malibu, California real estate attorneys.

Malibu, California is home to several popular art festivals and art museums, including a branch of the Getty museum.

If you live in Malibu, California and need a lawyer, you're in luck. There are many very successful and sophisticated lawyers in Malibu, California who can help.

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