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

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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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Posted on November 9, 2018

How Long Does the Estate Administration Process Take?

In most situations the process takes at least nine months. This is because there is a statute that allows creditors of the estate to file claims against the estate to officially announce the fact they are owed money by the estate. Executors should not pay beneficiaries until all creditors have…

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Posted on November 2, 2018

Do You Need an Attorney to Help with the Estate Administration Process?

(Or Can You Do It Alone)?

A question that comes up a lot is whether the personal representative of an estate – either an executor or administrator – should hire an attorney to help with the estate administration process. The personal representative’s job is relatively straightforward – at least in theory. They need to collect the…

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Posted on October 26, 2018

What are Death Taxes?

Taxes are very complicated and tax laws change regularly. You should seek the help of an attorney or accountant to get information about taxes that could affect the estate. What follows in this section is a very general discussion of the taxes most likely to affect an estate in New…

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