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What are you responsible for as a Texas estate administrator?

On Behalf of | Nov 4, 2021 | Estate Planning |

Estate administrators are responsible for more than just distributing the decedent’s estate. They must handle creditors and taxes as well. Make sure that you check the estate law in Texas to know what you need to do and within what time frame.

Publish a notice for creditors

After taking the oath as administrator, you have 30 days to publish a notice for creditors in a newspaper. The newspaper must be in your county. You would put yourself personally at risk of having to pay off the debts of the decedent if you don’t follow the correct procedures of notifying creditors of their death. Creditors have the right to recover part of the estate.

Submit a complete inventory of the estate

You have 90 days after your oath to submit a complete inventory of the estate. In some situations, you could submit an affidavit in lieu of inventory instead. Your list doesn’t need to include the debts that the decedent owes. It should, however, include debts owed to the estate.

Handle claims

Creditors may submit claims to you while the estate is open. Texas law allows creditors to make claims as long as it’s open. You must either accept or reject the claim. Creditors could file a lawsuit if you reject their claim in order to recover the debt.

File their taxes

Administrators must file the decedent’s taxes within nine months of their death. Before probate in Texas, you need to pay the decedent’s taxes. If you need more time, you could file an extension request.

Estate administrators are responsible for collecting the estate’s debts, paying its debts and handling all other related legal issues. Each task has a deadline, so you will want to read documents carefully.