What You Need To Know About Letters Of Administration
When a person passes away and leaves properties behind, the usual legal recourse is the deceased person’s will. This is a document that contains a person’s delegation of his or her properties, usually to his family members or whoever that person has assigned.
The Elements Leading To Letters Of Administration
The executor: along with the will is the deceased’s assigned executor or administrator. This is a person assigned to execute what is stipulated in the will, including paying off everything that needs to be paid including bills and debts, and distributing properties to specific individuals. An executor has to be duly identified in the person’s will.
The grant of probate: the probate is a document given to an executor as legal proof of being authorised to execute a deceased person’s will.
When are these administration documents needed?
The Letters Of Administration will be needed in the event a person dies and leaves no will behind. Usually, a person’s spouse, child, or the closest possible living blood relation could apply for the Grant of Letters Of Administration. Once granted, the person then becomes the administrator of the deceased’s properties and is now authorised to manage the properties. The administrator also accomplishes the duties of the executor, including having to pay bills and debts, apportioning cash and other properties to family members, and the like.
Understanding The Responsibilities That Come With Letters Of Administration
A person who wishes to apply for administrator would need to seek expert legal guidance beforehand so as to understand all the legal requirements and responsibilities of an administrator. The administrator’s actions, after all, will still be subject to scrutiny, especially how well he or she has managed a person’s properties, paid off obligations, and delegated certain legally binding processes, such as who takes care of a child below 18 years old.
This legal document does not give an administrator full autonomous power over the deceased’s properties, which means it isn’t tantamount to transferring the properties in the administrator’s name. The final owners of the properties are those whom the administrator names.