You might think that being named in somebody’s will as an administrator is a huge thing – but it also comes with a few dangers.
As an administrator, your role is to manage the estate matters of the departed friend. Typically, the testator chooses an individual that he trusts, which means if you are the main executor, then you have the rights to administer the estate on behalf of the owner.
Your role includes the capability to locate and gather the properties, clear any debts, file tax returns and allocate the properties.
Before you go ahead and decide to act as the main executor, you need to understand that there are some hazards which might affect the way you administer the estate.