"Estate administration" refers to the process which must be followed when the estate of a person who has recently died is being distributed, either according to his or her wishes as laid out in a will, or the laws governing the distribution of the assets of a person who dies without a will.

If the decedent (the person who died) left a will, the process of estate administration in New Albany Indiana will usually be carried out according to the instructions in the will.

Most commonly, a will names a person to serve as executor, whose job it is to ensure that the estate is properly administered.

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 a New Albany, Indiana 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 often the person who would inherit most under the will, or under the intestacy scheme of Indiana. 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.

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 New Albany, Indiana 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 New Albany, Indiana Estate Administration Attorney Help?

If you are the executor of an estate, and don't know how to handle some of the legal and financial complexities that may arise, an experienced New Albany, Indiana lawyer can make this process a great deal easier.