Letters Testamentary, commonly referred to as “letters of administration” or simply “letters,” are documents issued by a court granting an individual the legal authority to administer a deceased person’s estate.
In other words, the court-appointed executor of a deceased person’s will uses a Letters Testamentary to prove that they have the right to act on behalf of the deceased and carry out the wishes laid out in the will. This person is responsible for collecting, evaluating, and protecting the assets that comprise the estate, as well as distributing those assets according to the provisions of the will.
How Are Letters Testamentary Issued?
In order to be issued Letters Testamentary, the individual must first file a petition for appointment as an executor with the appropriate court. The court will then review the petition, make a ruling on the matter, and grant Letters Testamentary to the petitioner if the executor-applicant is approved. This document is primarily used as evidence that the executor is legally permitted to act on behalf of the deceased.
What Are the Responsibilities of the Executor?
Once the executor has obtained Letters Testamentary they have a responsibility to fulfill the terms of the will in a timely manner. This includes taking inventory of and protecting the estate’s assets, settling all debts and taxes associated with the estate, and distributing the assets according to the guidelines laid out in the will.
The executor must be diligent, ethical, and must follow the laws and regulations of where the estate is being administered. Failure to do so may result in severe legal penalties and may even put their appointment as an executor in question.
The Impact of Letters Testamentary
Letters Testamentary is a legal document with a powerful impact. It gives the executor the authority to handle the deceased’s assets and affairs on their behalf and is the legal proof of their role. It is also significant because it can be used as evidence to prove that the executor has the authority to administer the estate.
Letters Testamentary gives beneficiaries and other interested parties the assurance that the executor is following the directions laid out in the will. As such, the document has a significant impact on the administration of a deceased person’s estate.