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

If the decedent has made a will in Spirit Lake, Iowa, the process will play out according to the instructions specified in the will.

Usually, wills appoint an executor who is responsible for overseeing the administration of the estate, and seeing that its provisions are carried out, to the extent possible.

The executor is often the person who will get the most money or property out of the will if it is given effect, because this is the person who will have the greatest incentive to see that the probate process goes as quickly as possible.

What if The Will Does Not Name an Executor?

If the will in Spirit Lake, Iowa does not name an executor, or the decedent left no will to be found, the court has to appoint a person to serve as the administrator of the estate.

This is most often the person who stands to gain the most from the will, or who would inherit the most under Iowa'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 usually 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 Spirit Lake, Iowa court.

Whoever is appointed to serve as executor, it is their job to act as the representative of the estate. Among other jobs, they have to account for the decedent's debts and assets, and inform any beneficiaries who might be unaware of the situation.

Can a Spirit Lake, Iowa Estate Administration Attorney Help?

If you are the administrator of an estate, and are not a legal and/or financial professional, you might encounter legal or tax issues with which you are unfamiliar. A Spirit Lake, Iowa attorney would be very helpful in such a situation.