What is estate administration?

When an individual has died, it is often necessary to follow formal procedures in settling the estate. This process is called Estate Administration. Requirements are established by state and federal laws, which must be followed. Administration includes procedures and requirements relating to collecting of assets, satisfying of obligations such as debts, expenses and taxes, and distributing property to the heirs and beneficiaries.

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1. What is estate administration?
2. Who administers an estate?
3. What does a personal representative do?
4. What is done during administration?
5. What should be done first?