EMRICH INTERNATIONAL PROBATE RESEARCH INC
GlossaryAdministrator
Administrator is a person appointed by a court to manage the assets and liabilities of a decedent and to manage the affairs of the estate.
Every filing in a Probate/Surrogate’s Court starts with a petition to appoint either executor (when there is a Will) or administrator. If there are no known heirs and there are assets to take care of, courts appoint Public Administrators in some states or just an attorney to manage the estate and look for heirs. If they do not succeed in locating all heirs, professional heir investigation companies, such as Emrich International Probate Research Inc, begin research of their own initiative.
Administrative expenses
Costs actually and necessarily incurred in the administration of a decedent’s estate; such as attorney’s fees, expenses of the Office of the Public Administrator, real estate maintenance and real estate agent’s fees, court fees, service fees, bond fees etc.
Assets
Assets owned by the decedent, including real estate and/or personal property, including but not limited to bank accounts, investment accounts, stock bonds, furniture, jewelry, automobiles, etc.
Beneficiary
refer to: Heir
Commission
Refer to: Contingency Fee
Community Property
Assets which are equally owned by both spouses and were acquired during the marriage or transformed from separate property into community property during the marriage.
Contingency Fee
A contractually agreed upon fee that only becomes due in the event of success. Emrich International Probate Research Inc offers contracts with a contingency fee, meaning the heirs represented do not have to make advance payments nor do they bear any financial risk: If, for example, the estate is insolvent, or a last Will appears, the case cannot be successfully completed and Emrich International Probate Research Inc bears all costs incurred.
Decedent
A deceased person who, upon their death, leaves behind an estate.
Distributee(s)
A distributee is any person entitled to a share of an intestate estate. Typically, distributees are closely related by blood to the decedent and are also referred to as heirs-at-law.
Distribution Amount
The distribution amount is the estate’s total worth after deduction of all taxes, existing estate liabilities and administrative expenses. It is the net amount that will be distributed among the distributees/heirs according to the laws of intestacy of each state. The distribution amount is stated in the final estate accounts filed by the administrator.
Estate
The estate is the totality of all goods and liabilities (see: Estate Liabilities) left behind by a deceased person (see: Decedent).
Estate Accounts, Final
The final estate accounts detail the money that has moved through the estate; including assets, taxes, estate liabilities, administrative expenses and the final distribution amount.
Estate Liabilities
The debt for which the estate may be liable to creditors is referred to as estate liabilities. This may be the debts of the decedent themselves, or debts that arise from the inheritance (so-called debts of the estate), such as funeral costs or court costs.
Executor
An individual (or an institution) appointed by the testator to implement the terms of their will.
Funeral Expense
Refer to: Estate Liabilities
Genealogist
A genealogist conducts family research and establishes family connections. Emrich International Probate Research Inc employs professional genealogists in the search for heirs to an estate.
Guardian
An individual appointed to manage the affairs of another person (often a minor or someone mentally and/or physically handicapped) legal and otherwise.
Heirs
The beneficiaries or heirs of an estate are the legal successors of a decedent according to a Will or under the laws of intestacy.
Intestacy
If the decedent left no Will, their heirs will be determined by law. The provisions thereof may vary from state to state.
Issue
Descendants of the decedent.
Kinship
The degree of relationship between two individuals related by blood.
Petition for Probate
The petition for probate is a document filed with court, to commence the probate proceedings.
Power of Attorney (POA)
A legal document granting another person, attorney, or agency permission to act on your behalf; powers are specified and can either be limited or broad. A POA is required to represent heirs in legal proceedings.
Probate
The legal process in which a Will is determined to be valid or invalid. If there is no Will, the proceedings will be called Administration and the succession will be determined according to laws of intestacy.
Probate Court
A court having jurisdiction over estate cases at the decedent‘s place of death.
Public Administrator
The Office of the Public Administrator is a city or county office. It is appointed as administrator of an estate if there are no family members able or willing to manage the estate. The Public Administrator also takes care of an estate in the absence of known family members.
For more information refer to: Administrator
Surrogate’s Court
Refer to: Probate Court
Testator
A person (in most cases deceased) who has made and/or left behind a Will.
Vital Records
Heirs must prove their relationship with the decedent and their entitlement to inherit by means of civil birth, marriage and death certificates. If vital records have been destroyed, alternative evidence must be used.
Will
A Will is the legal document that expresses the testator’s decisions on how their estate will be managed and distributed after their death. If there is no Will, the laws of intestacy apply.
Administrator
Administrator is a person appointed by a court to manage the assets and liabilities of a decedent and to manage the affairs of the estate.
Every filing in a Probate/Surrogate’s Courtstarts with a petition to appoint either executor(when there is a Will) or administrator. If there are no known heirs and there are assets to take care of, courts appoint Public Administrators in some states or just an attorney to manage the estate and look for heirs. If they do not succeed in locating all heirs, professional heir investigation companies, such as Emrich International Probate Research Inc, begin research of their own initiative.
Administrative expenses
Costs actually and necessarily incurred in the administration of a decedent’s estate; such as attorney’s fees, expenses of the Office of the Public Administrator, real estate maintenance and real estate agent’s fees, court fees, service fees, bond fees etc.
Assets
Assets owned by the decedent, including real estate and/or personal property, including but not limited to bank accounts, investment accounts, stock bonds, furniture, jewelry, automobiles, etc.
Beneficiary
refer to: Heir
Commission
Refer to: Contingency Fee
Community Property
Assets which are equally owned by both spouses and were acquired during the marriage or transformed from separate property into community property during the marriage.
Contingency Fee
A contractually agreed upon fee that only becomes due in the event of success. Emrich International Probate Research Inc offers contracts with a contingency fee, meaning the heirs represented do not have to make advance payments nor do they bear any financial risk: If, for example, the estate is insolvent, or a last Will appears, the case cannot be successfully completed and Emrich International Probate Research Inc bears all costs incurred.
Decedent
A deceased person who, upon their death, leaves behind an estate.
Distributee(s)
A distributee is any person entitled to a share of an intestate estate. Typically, distributees are closely related by blood to the decedent and are also referred to as heirs-at-law.
Distribution Amount
The distribution amount is the estate’s total worth after deduction of all taxes, existing estate liabilities and administrative expenses. It is the net amount that will be distributed among the distributees/heirs according to the laws of intestacy of each state. The distribution amount is stated in the final estate accounts filed by the administrator.
Estate
The estate is the totality of all goods and liabilities (see: Estate Liabilities) left behind by a deceased person (see: Decedent).
Estate Accounts, Final
The final estate accounts detail the money that has moved through the estate; including assets, taxes, estate liabilities, administrative expenses and the final distribution amount.
Estate Liabilities
The debt for which the estate may be liable to creditors is referred to as estate liabilities. This may be the debts of the decedent themselves, or debts that arise from the inheritance (so-called debts of the estate), such as funeral costs or court costs.
Executor
An individual (or an institution) appointed by the testator to implement the terms of their will.
Funeral Expense
Refer to: Estate Liabilities
Genealogist
A genealogist conducts family research and establishes family connections. Emrich International Probate Research Inc employs professional genealogists in the search for heirs to an estate.
Guardian
An individual appointed to manage the affairs of another person (often a minor or someone mentally and/or physically handicapped) legal and otherwise.
Heirs
The beneficiaries or heirs of an estate are the legal successors of a decedent according to a Will or under the laws of intestacy.
Intestacy
If the decedent left no Will, their heirs will be determined by law. The provisions thereof may vary from state to state.
Issue
Descendants of the decedent.
Kinship
The degree of relationship between two individuals related by blood.
Petition for Probate
The petition for probate is a document filed with court, to commence the probate proceedings.
Power of Attorney (POA)
A legal document granting another person, attorney, or agency permission to act on your behalf; powers are specified and can either be limited or broad. A POA is required to represent heirs in legal proceedings.
Probate
The legal process in which a Will is determined to be valid or invalid. If there is no Will, the proceedings will be called Administration and the succession will be determined according to laws of intestacy.
Probate Court
A court having jurisdiction over estate cases at the decedent‘s place of death.
Public Administrator
The Office of the Public Administrator is a city or county office. It is appointed as administrator of an estate if there are no family members able or willing to manage the estate. The Public Administrator also takes care of an estate in the absence of known family members.
For more information refer to: Administrator
Surrogate’s Court
Refer to: Probate Court
Testator
A person (in most cases deceased) who has made and/or left behind a Will.
Vital Records
Heirs must prove their relationship with the decedent and their entitlement to inherit by means of civil birth, marriage and death certificates. If vital records have been destroyed, alternative evidence must be used.
Will
A Will is the legal document that expresses the testator’s decisions on how their estate will be managed and distributed after their death. If there is no Will, the laws of intestacy apply.
CONTACT US!
You are welcome to contact us via mail, telephone or email.
Our phone number
888-205-2668
Our fax number
888-828-6393
Our address
Emrich International Probate Research Inc
2598 E. Sunrise Blvd, Suite 2104
Fort Lauderdale, FL 33304
www.EMRICH-IPR.com
Our email address
info@emrich-ipr.com
Our office hours
Mo–Fr: 9 am – 6 pm
CONTACT US!
You are welcome to contact us via mail, telephone or email.
Our phone number
888-205-2668
Our fax number
888-828-6393
Our address
Emrich International Probate Research Inc
2598 E. Sunrise Blvd, Suite 2104
Fort Lauderdale, FL 33304
www.EMRICH-IPR.com
Our email adress
info@emrich-ipr.com
Our office hours
Mo–Fr: 9 am – 6 pm