Estate Administration in Parsippany, New Jersey

Find the right Estate Administration attorney in Parsippany, NJ

When a person dies, a process known as "estate administration" must be carried out. This refers to all the processes which must be followed in distributing a person's estate to their heirs or devisees.

If the decedent wrote a will before his or her death in Parsippany, New Jersey, the process will be carried out according to the directives included in the will, assuming they are legitimate and enforceable.

Often, the will appoints an executor whose job it is to oversee the administration of the will.

The executor generally has at least some work cut out for them. This obviously raises the issue of compensation. The easiest way to guarantee that the executor does his or her job is simply to appoint the person who has the most to gain from the will. That way, they cannot inherit until the process is done.

What if The Will Does Not Name an Executor?

If the will in Parsippany, New Jersey does not name an executor, or the decedent left no will to be found, the court has to assign a person to serve as the administrator of the estate.

Usually, this will be the person who has the most to gain from the will, or who would gain the most under New Jersey's intestacy scheme (the system that distributes the decedent's property to his or her closest living relatives, if he or she dies without a will).

If the will doesn't name a person who is to serve as executor, or the individual named is no longer alive or cannot be found, anyone with a direct interest in the will can apply to the Parsippany, New Jersey court to be the executor.

Once an executor is assigned (whether by being named in the will, or on the application of another person), they "step into the shoes" of the estate, and are expected to safeguard its interests to the fullest extent possible. They further are obligated to accurately inventory the estate's debts and assets, as well as notify possible beneficiaries.

Can a Parsippany, New Jersey Estate Administration Attorney Help?

Some people are surprised when they find out they've been named the executor of a relative's estate. The responsibilities can seem daunting, but with the help of a reputable Parsippany, New Jersey attorney, the process almost always goes pretty smoothly.

Talk to a Wills, Trusts & Estates Law Attorney now!

Life in Parsippany

Parsiappny, a.k.a. Parsippany-Troy Hills Township, is located in Morris County, New Jersey. The name stems from the Native American word "parsipanong," which means "the place where the river winds through the valley." In 2006, Money Magazine ranked the city seventeenth amongst The Best Places to Live in the United States. In 2008, the rank increased to thirteenth.

The city is also known because it has been referenced in both television and films. References include the television sitcom Seinfeld, specifically "The Mom Pop Store" episode. Film references include The Ex, Beer League, and The Karate Kid.

Many attorneys practice in Pasippany. These attorneys focus on providing personalized legal services to their clients. Therefore any and every legal need of residents and businesses can easily be handled by the legal force in Parsippany.

Famous residents include Keith Ferris, James Jean, Jeff Koyen, Robert Lazzarini, Johnnie Moran, Joe Orsulak, Angelo Savoldi, and Chris Singleton.

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