Simple English definitions for legal terms
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Term: Co-Administrator
Definition: A co-administrator is a person who is chosen to work together with one or more other administrators to manage and distribute the assets of a deceased person's estate.
Definition: A co-administrator is a person who is appointed to work together with one or more other administrators to manage and distribute the assets of an estate.
Example: In the case of a deceased person who did not leave a will, the court may appoint two or more co-administrators to handle the estate. They will work together to identify and value the assets, pay off any debts, and distribute the remaining assets to the heirs according to the laws of the state.
Explanation: When there are multiple administrators appointed to manage an estate, they are called co-administrators. This is often necessary when the estate is complex or there are disputes among the heirs. The co-administrators must work together to make decisions and carry out their duties, and they are jointly responsible for any mistakes or errors that may occur.