As a lawyer with over 35 years of experience representing Philadelphia families, Alan Jay Ackerman, Esquire advises clients serving as the executor or administrator of estates. Mr. Ackerman can ensure that all fiduciary duties are met throughout the probate and estate administration processes.
As the executor or administrator you assume a duty of loyalty to the decedent. The executor or administrator must act in the best interest of the estate throughout the probate and estate administration process.
If you have been named as the executor under the Will, or are a close relative seeking to be appointed as the administrator where there wasn’t a Will, call 215-245-2250 to schedule your consultation with Mr. Ackerman to serve as your legal counsel and administer the estate for you from the initial probate through closing and distribution. You may also contact the firm by e-mail and someone will be in touch with you promptly.
The Roles and Responsibilities of an Executor or Administrator in Estate Administration
An executor or administrator is tasked with handling the final affairs of an estate. Alan Jay Ackerman has significant experience advising executors and administrators in the administration of the estate:
- Prepare and File all Probate documents with the Register of Wills office
- Taking inventory of assets
- Contacting heirs
- Settling all Estate Debts and Creditors
- Prepare and file the PA Inheritance Tax Return
- Prepare and file the IRS Form 706 Estate Tax Return
- Prepare and File the IRS Form 1041 Income Tax Return
- Final Accountings both Formal and Informal
- Distributing of Estate to Heirs
Other fiduciary duties can involve serving as a trustee in trust administration. As with an executor, a trustee can be a family member, a close friend, a bank, a lawyer, or another individual or entity.
If you would like more information about Mr. Ackerman's services, please contact us and schedule a consultation.
