Limits on Estate Administrator Authority
Can An Administrator Of An Estate Take Everything?
If you have been appointed as the administrator of an estate, you may be wondering what your legal powers are and whether you can take everything in the estate for yourself. It's important to understand your role and the limits on your authority as the administrator.
As the administrator of an estate, you have a legal responsibility to manage the assets of the estate and distribute them according to the terms of the will or state laws of intestacy. This includes making decisions about how to handle debts, taxes, and other financial obligations.
While you have the authority to manage the assets of the estate, you do not have the legal right to take everything for yourself. Your primary duty is to act in the best interests of the beneficiaries and to distribute the assets according to the terms of the will or state laws of intestacy.
In some cases, the will may grant the administrator the power to sell property or make other decisions about the distribution of assets. However, it's important for the administrator to carefully consider the implications of these decisions and to seek the advice of a qualified attorney if necessary. The administrator has a fiduciary duty to avoid any conflicts of interest and to act in the best interests of the beneficiaries.
If you are the administrator of an estate and you have questions about your authority and the limits on your power, don't hesitate to call the experienced attorneys at Doucet Co., LPA. We can help you navigate the legal and ethical considerations of estate administration and protect your rights. Call us today at (888) 200-9824 for a consultation.