Probate Administration

Estate Administration Practice - 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 Information

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Identification

IRI: https://folio.openlegalstandard.org/RB225Fr8BeyqZIG3hy3W8JG
Label (rdfs): Estate Administration Practice
Preferred Label: Probate Administration
Alternative Labels: Estate Execution Practice, Estate Settlement Practice
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Definition and Examples

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.
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Translations

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Class Relationships

Sub Class Of: Estate Management Practice
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Additional Information

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Deprecated: False

Metadata

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