Elder Law Blog from Price & Price Law in Southern New Jersey

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Posted on December 14, 2018

What is an Executor?

An executor is the person named in the will to manage the decedent’s estate.  The executor is in charge of the estate administration process – i.e. doing the four things that must be done in every estate: collecting the assets, paying the expenses, paying the taxes and paying the beneficiaries….

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Posted on December 7, 2018

What is Controlled by the Will?

It may be easier to answer this question by stating what isn’t controlled by the will.  Any assets that automatically pass to someone else are not controlled by the will. So, if there is a beneficiary on an account the account will pass to the beneficiary outside of the will….

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Posted on November 28, 2018

Who Are the Beneficiaries When Someone Dies Without a Will?

A will contains beneficiaries – i.e. a list of the people who will receive the decedent’s estate. If someone dies without a will then there is no list. In that situation who is going to receive the decedent’s property? A quick note… Most people think the answer to this question…

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Posted on November 23, 2018

What is Estate Administration?

When a person passes away they leave their estate behind. Someone needs to step in and manage the estate. That person is called the personal representative. The personal representative manages then engages in the estate administration process. Estate administration is the process of collecting the estate assets, paying the taxes…

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Posted on November 19, 2018

Who Can Be the Estate Administrator?

Anyone can become the estate administrator of an intestate estate. All they have to do is apply. If all interested parties can agree on someone to serve as the estate administrator then, following some procedural items, they can be appointed to that position. If people can’t agree on who is…

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