Tip:
Highlight text to annotate it
X
In the absence of a will heirs don't have a lot of rights. If the estate is going to
be managed by somebody selected by the court, who is typical of the estate administrator.
Who the administrator is can be agreed upon by the family. The family can all say that
we want Joe to be the administrator.We want Jane to be the administrator. If the family
can't agree then the count of the court more then likely appointing a trust company, a
bank as administrator. Much more expensive option in the part of the court, courts not
paying the bill, this money is going to come out of the estate, it means all the heirs
are going to get less. The heirs rights at that point become very few. All they can do
is demand an accounting by the administrator. Every so often have the administrator share
with the heirs what the assets of the estate are, how many bills are outstanding, when
are we going to get some money. Heirs typically want to know when are we going to get some
money, how much are we going to get, how are we going to get it. That's going to determine
on where they are at on the bloodline, where they are at on the pecking order. Spouses
tend to get first pick, kids after that, but not always. Depends in the state that you
live in. Go see a qualified lawyer, find out what your rights in your state are.