Going through the administration process of a loved one’s estate can be a confusing and difficult process. You may not be aware of all the potential issues and complications that can come with the probate and estate administration process. Estate administration has many different factors that can come with various complications and mistakes. When you’re grieving the loss of a loved one, the last thing you want to do is deal with estate administration issues and conflicts.
In order to help ensure this process is carried out as smoothly as possible it can help to be aware of the potential mistakes and complications that are common during estate administration.
Common Mistakes Or Complications During Estate Administration
Due to the already complex nature of estate administration there are several common errors associated with the process that can complicate or prolong it including:
- Will contests and/or disputes among beneficiaries
- Assets or beneficiaries in multiple states
- Unique or difficult to handle assets
- Tax filing errors or delays
- Executor error (such as making distributions too early, inaction, failure to properly advise the estate or conclude, self-dealing or favoritism)
All of these issues, particularly mistakes made by the estate executor, can be avoided by working with the right processionals, including an estate planning attorney. These professionals can answer potential questions and help resolve the issues involved in this process.
While the probate and estate administration process is usually long, with some unavoidable obstacles, avoiding costly and time-consuming mistakes is important to streamline the process, so you and your loved ones can focus on more important matters.