Estate administration is a very important part of the probate process in estates that are required to go through the process. In New Jersey, the estate administrator has some duties that must be performed in an appropriate manner. In some cases, the estate administrator will need to find answers to questions that could significantly affect the estate and the heirs.
One of these duties is finding the decedent's assets and getting those appraised. This is a huge consideration, especially in high value estates, because it could potentially impact the estate tax that is going to be paid. We know that is isn't something that is always easy. We are here to help estate administrators get this crucial job done.
Another duty of the estate administrator is paying the creditors of the estate. This goes hand-in-hand with identifying debts that the estate owes. It is important for the administrator to know what creditors are actually the responsibility of the estate. We can help to determine this information so that the portion of the estate that is supposed to be handed down to heirs is preserved.
This brings us to the next duty of the administrator -- finding the heirs and distributing the estate. This is a very important duty, but it might not be as easy as it sounds. There are some cases that involve heirs who have moved. If no forwarding information is found, it can be difficult to handle this task. If you are the administrator, we can help you to explore ways to find heirs who have disappeared.