Independent Administration of Estates Act (IAEA)
Burbank IAEA Attorney for Probate Law & Estate Planning
When a loved one passes away, there are many legal ramification and probate
procedures that must be experienced. The situation is usually simplified
if there was a legal
trust which helps explain the decedent's wishes for his or her estate. A
Burbank real estate, probate, wills and trusts attorney may be able to
help you with your probate law or
estate planning needs.
Shelley Rios, Attorney at Law and
her firm are dedicated to helping clients in a variety of probate law,
real estate and estate planning cases. She handles cases in Burbank, Glendale, Toluca
Lake, Studio City, Valley Village, Sherman Oaks and the Sunland, Tujunga
real estate litigation to establishing a
living trust, a lawyer at the firm has the knowledge and competence to represent the
client and get results.
What Is the Independent Administration of Estates Act?
The Independent Administration of Estates Act (IAEA) is a group of laws
that make it possible for a personal representative to carry out, manage
or administer a decedent's estate more directly. The representative
is either named in a will or trust or chosen by a probate court. He or
she can administer the estate with full or limited authority as authorized
by the court.
If the representative is granted limited authority, then that individual
will receive court supervision and approval for any real estate transactions
or loans taken against real property belonging to the decedent. If the
court has allowed full authority without supervision, then the representative
can administer real estate sales, transfers, take out loans against property,
etc. as long as a Notice of Proposed Action is given to beneficiaries,
heirs, creditors as applicable, etc. Upon receipt of the notice, these
individuals can file an objection to the representative and the probate
court if desired.
A Burbank IAEA lawyer can help you with the administration of an estate.
Contact an attorney today for an initial consultation regarding this important probate law act.