An estate plan is more than the collection of documents that a person executes in order to provide guidance on what they want to happen with their possessions after they die. It is a set of procedural expectations that direct certain individuals to perform certain tasks so that the decedent’s wealth and assets are effectively used according to their wishes. To this end, a Californian should put as much effort into deciding who will administer their estate as they do into who will get their property when they are gone.
Estate administration involves the identification and collection of a decedent’s property. Once that collection is complete, it transitions into the process of accounting for it and managing it through different legal processes. Once a decedent’s estate is in order it may be distributed to the decedent’s beneficiaries and the administration of the estate may cease.
To say that administering an estate is a big job is an understatement. Though an estate administrator can be assigned after an individual’s death, some people choose to appoint an estate administrator as part of their estate planning process. Selecting a good person to manage one’s estate is a significant task and a person making such a decision may require help when deciding such an important matter.
The Law Firm of Kavesh Minor & Otis, Inc., prepares its clients to make good decisions about how to set up and administer their end-of-life estates. By educating individuals about their rights and options, the attorneys of the firm equip them with the information they need to meet their estate planning goals and appoint competent, trustworthy administrators for their estates.