FOLIO Ontology

Identification

IRI:
https://folio.openlegalstandard.org/RB225Fr8BeyqZIG3hy3W8JG
Label Estate Administration Practice
Preferred Label Probate Administration
Identifier N/A
Alternative Labels
Estate Execution Practice Estate Settlement Practice

Definition

Estate Administration Practice refers to the process of managing and settling an individual's estate after their death, including distributing assets to beneficiaries, paying debts, and handling legal and tax obligations. It involves probate proceedings, inventorying assets, and ensuring the deceased's wishes as outlined in their will are fulfilled.

Class Relationships

Is Defined By

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See Also

Parent Class Of 0

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Additional Information

Metadata

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Editorial Information

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Deprecated

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