New Jersey probate lawyer Christine Matus (https://matuslaw.com/executor-vs-administrator-what-is-the-difference/) of The Matus Law Group has released an article that explains the difference between an executor and an administrator. The article offers valuable insights for individuals who are involved in estate planning or dealing with the probate process.
According to the New Jersey Probate Lawyer, “an executor is a person who is named in a will to carry out the wishes of the deceased. On the other hand, an administrator is a person appointed by the court when there is no will or if the named executor is unable or unwilling to serve.”
The New Jersey Probate Lawyer goes on to explain in the article that the roles and responsibilities of an executor and administrator differ. “An executor has the duty to collect the assets of the deceased, pay any debts or taxes, and distribute the remaining assets to the beneficiaries named in the will,” says Christine Matus. “An administrator, however, has the same duties, but without the guidance of a will, the court determines who the beneficiaries are.”
The article also highlights the importance of choosing the right executor or administrator. “It’s important to choose someone who is trustworthy, organized, and has the ability to communicate effectively with beneficiaries and other interested parties,” notes Christine Matus. “A good executor or administrator can make the probate process smoother and less stressful for everyone involved.”
In addition, the article provides guidance on what individuals can do to ensure that their estate is properly managed. “One way to avoid complications during the probate process is to work with an experienced New Jersey probate lawyer,” advises Christine Matus. “A lawyer can help you create a comprehensive estate plan that addresses your unique needs and goals, and can provide guidance to your executor or administrator.”
In New Jersey, personal representatives in a probate administration case have a legal obligation to distribute the remaining assets to the beneficiaries in a timely manner, as outlined by state law. While there is no specific timeline for finalizing the estate administration, it is important for the executor or administrator to complete the process efficiently. If the estate is large enough to be subject to taxes, the personal representative should wait for the closing letter from the state or the IRS before distributing assets to ensure compliance with tax laws.
“If you need help with estate planning or probate in New Jersey, don’t hesitate to contact The Matus Law Group,” says Christine Matus. “Our team of experienced probate lawyers can provide the guidance and support you need to protect your assets and ensure that your wishes are carried out.”
About The Matus Law Group
The Matus Law Group is a full-service estate planning and elder law firm located in New Jersey. The firm’s team of experienced attorneys provides comprehensive legal services to individuals and families throughout the state, with a focus on estate planning, elder law, and special needs planning. With a commitment to personalized service and attention to detail, The Matus Law Group is dedicated to helping clients achieve their unique goals and objectives.
The Matus Law Group
Christine L Matus
125 Half Mile Rd #201A