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Publication 559ContentsSurvivors, Executors, and AdministratorsReminders. . . . . . . . . . . . . . . . . . . 2Cat. No. 15107U Department of the Treasury Internal Revenue ServiceNow use in preparing2020
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Administrators and executors are individuals appointed to manage the estate of a deceased person. Executors are named in a will, whereas administrators are appointed by the court when there is no will.
The executor or administrator of an estate is required to file the necessary legal documents, often referred to as 'letters testamentary' or 'letters of administration,' to begin the probate process.
To fill out the forms for administrators or executors, one must gather necessary information about the deceased's assets, debts, and beneficiaries, then complete the required court forms accurately, ensuring all details are precise.
The purpose of administrators and executors is to ensure the deceased's wishes are honored, debts are paid, and assets are distributed according to the law or the terms of a will.
Information that must be reported includes details of the deceased, a list of assets and liabilities, beneficiary information, and the estimated value of the estate.
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