Estate settlement and estate administrator
Estate of the deceased can be appointed to manage the estate if even one heir requests it. Usually, an estate administrator is applied for when there is disagreement among the heirs regarding the management of the estate. The court appoints the estate administrator to their position. Once the estate has been transferred to the estate administrator's management, the heirs can no longer represent the estate; instead, the authority to represent the estate transfers exclusively to the estate administrator.
A co-owner of the estate does not need to separately justify their application to the district court.
Who has the right to apply for an estate administrator or partitioner?
If managing the estate's affairs through joint administration by the heirs proves impossible, any heir A beneficiary of the estate has an independent right to request the appointment of an estate administrator or estate partitioner from the District Court. In this case, it is advisable to contact a lawyer specialising in inheritance law and ask them to act as the estate administrator and partitioner.
How does one apply to be an estate administrator?
The application for the appointment of an estate liquidator must be made in writing. The applicant's claim and the name of the district court must be stated in the application. When making the application, the heirs of the estate, the executor of the will (if any), and the beneficiary of the will (if any) must be stated. Necessary documents concerning the state of the estate must also be attached to the application. These documents include, for example, the will or a declaration of renunciation of inheritance. If the inventory of the estate has already been carried out, a certified copy of the inventory record must be attached to the application.
Consent of the estate administrator to the application for an estate administrator
Usually, a candidate for administrator is named in the application for the administration of an estate. In this case, the consent of the person proposed for the task must be attached to the application. A lawyer can help with problems related to appointing an estate administrator. Lawyers at our firm act as estate administrators in estates and, if necessary, you can obtain our consent for the task.
Executor's fee and cost
Typically, estate settlement work is done on an hourly basis at a law firm. Estate settlement costs an estimated 5,000-15,000 euros, depending on the size of the estate and the complexity of the matters.
Article drafted by the Advocate Tuula Rainto, Amos Law Firm. You can always call him free of charge on 010 299 5090. You can consult our price list Here.
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