There are multiple problems inherent in probate administration, which Woodland Hills residents should try to avoid. For instance, the executor or administrator does not always know the extent of the assets of the decedent. This creates mistrust by heirs involved, because heir are not always related to the decedent, or to the executor.
Woodland Hills executors would do well to create trust among the heirs by freely sharing a routine list of assets and income of the estate with the beneficiaries. Avoiding misunderstandings by communication can prevent many of the problems administrators and executors come across in probate.
Another problem is disorganization. Disorganization in the records of the decedent can be eliminated by creating a filing system, and focusing on records going back seven years. It is not to say to destroy older records, it just allows the executor to focus on the more current records, and send the older records to storage.
Unpaid taxes are also pose common problems for administrators and executors. When a person is ill for the last few years, it is very likely that he or she has not filed tax returns. This is a significant problem, if there is an ongoing business in the estate. Running a business in probate requires the administrator to be aware of the tax issues facing the estate.
There are also sometimes problems that arise in administration following a conservatorship. Ask us about conservatorships problems relation to estate administration in Los Angeles County.
Call Mina Sirkin, Specialist Attorney in Probate to discuss Woodland Hills Probate and issues facing executors in probate administration. Contact: [email protected] or 818.340.4479
