Estate Planning
Administrator of an Estate
Definition
What is Administrator of an Estate?
Example in practice
How This Looks in Practice
The court appoints an administrator when the person died without a will.
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Related Terms
Estate Planning
Estate
The property, investments, rights, and obligations left by a person at death.
Estate PlanningEstate Planning
Arranging ownership, beneficiaries, documents, and taxes for incapacity or death.
Estate PlanningWill
A legal document directing how a person's estate should be handled after death.
Behavioural FinanceLoss Aversion
The tendency to feel losses more strongly than equivalent gains.