Estate Administration in Newport Beach, 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 Newport Beach, California, the estate is typically administered in a way that follows the instructions the will lays out, as closely as possible.

Wills typically name an executor. The executor's role revolves around ensuring that the instructions in the will are implemented.

The executor is usually the person who stands to inherit the most money or property from the will, since this personn will have the greatest incentive to see the probate and administration process to completion.

What if The Will Does Not Name an Executor?

If a will in Newport Beach, California is silent as to who should be the executor, it is up to the court to decide who should serve in that capacity.

This is most often the person who would inherit most under the will, or under the intestacy scheme of California. Intestacy is when a person dies without having made a will, or if a will turns out to be invalid. The intestacy laws of each state determine how property is distributed in such a situation. In most states, it simply goes to the closest living relative.

If no executor is named in the will, anyone with a stake in the will can apply to the court in Newport Beach, California to be the executor of the estate, if they wish.

Once an executor is finally named, he or she becomes responsible for serving as the living embodiment of the estate, using all legal means to protect the estate's interests (such as mounting plausible legal defenses against creditors).

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Can a Newport Beach, California Estate Administration Attorney Help?

If you find yourself named in a will as executor of an estate, and aren't sure how to meet your responsibilities, or where to begin, it would be a good idea to consult with an experienced Newport Beach, California lawyer who can help you navigate this sometimes-perplexing process.

20 Wills, Trusts and Estates cases posted to LegalMatch lawyers in Newport Beach

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Life in Newport Beach

Newport Beach, California is a city in Orange County. It is about 10 miles south of Santa Ana, and has a population of about 85,000 people.

Newport Beach is an extremely affluent community. More than a quarter of its households have an annual income exceeding $200,000 per year, and the median home value is approximately $1 million.

The economy of Newport Beach, California is dominated by healthcare, insurance, retail, and other services. One Fortune 500 company, Pacific Life Insurance, is headquartered in Newport Beach, and employs over 1,500 people, including several Newport Beach, California lawyers.

Residents of Newport Beach, California who find themselves in need of legal services are in luck. Newport Beach, California attorneys tend to be very sophisticated and highly experienced, meaning that a Newport Beach, California lawyer can help you with almost any legal issue a person is likely to face.

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