When a person dies before settlement of his assets,the estate is settled by a:
A) court-appointed manager.
B) family-appointed administrator.
C) family-appointed manager.
D) court-appointed administrator.

Question

Quizplus · Accepted Answer

When a person dies before settling their assets, the estate is settled by a court-appointed administrator. This administrator is usually appointed by the probate court and is responsible for inventorying the assets of the estate, paying any outstanding debts, and distributing the remaining assets to the beneficiaries named in the will or, if there is no will, to the heirs as determined by state law. Therefore, choice D is the best answer.

When a Person Dies Before Settlement of His Assets,the Estate