Administration Of An Estate Legal Meaning and Definition

Here is a simplified definition of the legal term Administration Of An Estate.

Administration of an Estate (noun)

The process where a person or group, usually appointed by the courts, manages and settles the debts, assets, and other responsibilities of a deceased person's estate (their total property, assets, and liabilities) when they have no legal will or appointed executor. These appointed individuals, also called administrators, ensure fair distribution of the estate's properties to the deceased person's heirs or creditors according to the laws of inheritance.