IAEA (Independent Administration of Estates Act)

A California statute which defines the level of authority an executorA person who is identified in a decedent’s will as the person the decedent wants to become responsible for administering the decedent’s estate according to the terms and instructions of the will. or administratorA person appointed by the probate court to manage the assets and liabilities of an intestate decedent. of an estateThe assets and liabilities left behind by a decedent. is granted in administering the estate, especially with regard to the sale of real estate with or without court supervision.