An Estate Administrator of Last Resort
Another option would be for Charlie to press the issue in The legal proceeding by which a decedent’s testamentary document, such as a will, is proven to be valid, and the subsequent procedure of administering the decedent’s estate. Court. If a person dies, and nobody steps forward with a A legal document which expresses a person’s final wishes about what happens to their property after they pass away, often specifically identifying intended beneficiaries for specific items of property., then that person is said to have died “intestate”. This means that statutory presumptions largely govern to whom the person’s property is to be distributed. Regularly, a decedent’s family members step forward to become the The assets and liabilities left behind by a decedent. A person appointed by the probate court to manage the assets and liabilities of an intestate decedent.. Again, statutes set out a whole list of 18 classes of people in a presumed order of priority for who gets to be the administrator, including in-laws and even creditors. Finally, last in line, is “any other person”.
Charlie could A formal written request presented to a court which asks for some form of relief, such as a Petition to Probate a Will, or a Petition to Determine Title to Property. the Probate Court to become the administrator of his neighbor’s estate. This would give Charlie the authority to sell the property, assuming no heirs suddenly came out of the woodwork to claim the property. If Charlie is aware of some heirs, he may want to consider his options. If he wants the property for himself, he might try to first get the heirs to transfer their rights to the property to him. Regardless, at the end of the day, if Charlie becomes the administrator of his neighbor’s estate, and sells the property, he should be entitled to statutory fees from the proceeds of the sale of the property. Not a bad outcome for stepping up.
David J. Hallstrom, Esq. and his An arrangement in which property interests are legally held by one person (the trustee) at the request of another (the settlor) for the benefit of a third party (the beneficiary). and probate Legal proceedings brought before a court to enforce a legal right. team are here to help with any of your trust or probate concerns. We bring a broad base of experience and a global perspective to help you achieve effective, practical, and timely results.