An estate administration is the process of winding up a decedent’s affairs. On a basic level, that entails gathering the decedent’s assets, satisfying the decedent’s debts and obligations, filing tax returns (final individual income tax returns, fiduciary income tax returns, state death tax returns, and a federal estate tax return), and ultimately distributing the decedent’s assets in accordance with the decedent’s estate plan.
By Nicholas Holland
In Publications