Q: If I am the appoint administrator of my child’s estate in a lawsuit am I the one who would distribute the money?
I am legally divorce with my husband but we both signed a document appointing me adminIstrator of the estate we are finalizing a lawsuit. Am I the one who distributes the funds to him and our children or who is the one responsible to do that ?
Yes, the administrator of the estate is responsible to ensure the bills are paid, the taxes are paid, the assets are accounted for, any specific gifts are properly distributed, and the remainder of the estate is then distributed per the wishes of the grantor.
There can be co-administrators. Administrators are allowed to ask for help from others. Administrators are not required to do the job, if for whatever reason a named administrator does not feel as though they can properly perform the dates, or if they just don't want to do it, they can sign or refuse to accept the position.
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