Answer:

Dependent Administration

(Supervised Administration)

You have arrived at this solution because:

  • The Decedent died without leaving a Will.

  • The Decedent died leaving property other than motor vehicles, real estate, and/or tangible personal property.

  • The value of the assets of the estate do not exceed the liabilities of the estate.

 

In this scenario, the courts are reluctant to approve a small estate affidavit or grant an independent administration because the assets of the estate may not be enough to satisfy creditor's claims. Instead, a dependent administration may be necessary to effectively prioritize and pay creditor’s claims. The good news is that a dependent administration can be difficult on creditors as there are many hurdles they have to overcome in order to get paid.

 

For help with Dependent Administration, check out our Dependent Administration section to learn more: Dependent Administration

 

To get started, contact our Memphis Probate attorney to schedule a free consultation.