"Executor" is the term describing anyone who is given authority under a will to administer an estate.Administrators and executors perform similar functions. The difference in their titles is due to the different ways they receive their authority.This time frame would only apply if the assets can easily be converted into cash and if there is no dispute or litigation between parties making claims against the estate.However, when all the heirs are not known or cannot be easily located, the time frame to wind up the estate will vary greatly. This quick turn over is great for both our clients and you shoppers allowing you to come back every sale for many new items! Our unique business design of off-site estate liquidating allows us to bring in a new estate each week which keeps the treasures flowing!
The specific work involved includes: If the estate is bankrupt or if all the heirs are known and can easily be located, the estate can usually be wound up in one or two years.
If The Public Guardian and Trustee's Office is attempting to locate heirs of different generations and from different countries, the search may take a number of years.
sets out, in order, which next-of-kin are entitled to inherit.
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The office encourages other appropriate people to serve as administrators.