Administer the Estate
A phrase to describe the process of managing the Assets, Debts, and other finances of a deceased person.
This involves identifying and gathering all the deceased person's assets, paying any debts or taxes owed, and distributing remaining assets to surviving family and Beneficiaries.
The process of administering an estate typically involves a court-supervised process called Probate. This court will ensure that the process is conducted in a lawful manner and resolve any disputes that may arise.