Following the death of a person, their estate needs to be managed. An estate is made up of the assets owned by an individual at death. Estate administration refers to the process of collecting and managing the estate, dealing with the funeral home, paying any debts and taxes, and distributing the remaining property to the heirs of the estate. These steps can be overwhelming without an understanding of the administration process.
Our lawyer team at FH&P Lawyers assists clients daily with this process and these basic duties:
When There's No Will or Executor:
If no Will was left by the deceased, certain individuals are eligible to apply for a Grant of Administration in order to handle the estate. If successful, the person who is named as Administrator is legally able to administer the estate.
A special type of Grant of Administration called Administration with Will Annexed can also be used to assign an administrator if
BC has allowed the electronic presence of a witness via videoconference acceptable for the witnessing of estate planning documents.
The general rule is that the executor has one year from the testator's date of death, and in the case of an administration, the administrator has one year from the date of the grant, to settle the affairs of the estate.