Estate Administration
Estate administration is the process of managing and distributing a deceased person's assets according to their will or state law. Our team guides executors and beneficiaries through the complex estate administration process, including probate, asset valuation, debt settlement, and distribution of assets.
Surcharging Executors
Surcharging an executor or administrator is a legal action that holds them financially responsible for losses to the estate due to mismanagement, negligence, or intentional wrongdoing. This accountability mechanism ensures that executors adhere to their fiduciary duties, acting in the best interest of the estate and its beneficiaries.
- Surcharging is a legal action that holds executors financially responsible for losses to the estate due to mismanagement, negligence, or intentional wrongdoing
- Executors must act in the best interest of the estate and its beneficiaries, maintaining meticulous records to defend against potential surcharging actions
- The legal standards and burden of proof for surcharging vary by jurisdiction, but the court must find a breach of fiduciary duty resulting in financial loss to the estate.
How To Serve As Executor
Serving as an executor is a significant responsibility that many individuals face at some point in their lives. The executor must balance their personal feelings with their legal duties to the estate and its beneficiaries, while also providing support to grieving beneficiaries.
- An executor is legally responsible for the deceased's estate, which includes their property, money, and possessions.
- Pennsylvania law sets stringent guidelines for executors, emphasizing their fiduciary duty to act in the best interest of the estate and its beneficiaries, maintain impartiality, and ensure timely administration of the estate.
- Seeking legal guidance from an experienced estate attorney can help executors navigate the complexities of their role and ensure compliance with legal and ethical obligations.
