Understanding The Duties Of Estate Administrators

Florida residents may benefit from learning more about the general duties of estate administrators as described by the IRS. The estate administrator can be described as the legal representative appointed to act on the decedent’s behalf. Often times, this person is referred to as the executor and may be a lawyer, family member or surviving spouse. In order to manage the decedent’s taxes and other important documents, the estate administrator must be in possession of the Letters Testamentary, which provides the authorization to act accordingly.

Estate administrators are responsible for accounting for the decedent’s assets and debts, and some assets…