Most people want to pass down their assets in accordance with their wishes, with minimal costs, minimal delays, and minimal strife amongst the heirs. Yet there are several problems with using traditional Wills to accomplish these goals. These problems include: not having one’s wishes honored because of losing one’s Will; or having your the Will challenged by heirs; not addressing the distribution of all the of your assets because the Will was written years before death and new assets have been acquired; and high costs of lawyers, h costs needed to pay to lawyers, courts, and executors to finalize the Will.

CryptoWills, which use blockchain, may address some of these problems. First, if the data is stored on blockchain, it cannot be lost.

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The Public Administrator is one of a chosen group of attorneys in one office per county who the Court often calls upon to administer to non-standard cases.

The Public Administrator generally has the job of handling estates of people who die without a Will and who have no close relatives who are able to administer the estate: If your nearest living relative is a cousin (or more distant) the Public Administrator will need to be placed on notice. In addition, the Public Administrator often replaces initial Executors or Administrators who are unable to qualify or unable to serve.

The Public Administrator’s job is to collect all of the assets of the estate, pay the outstanding bills and distribute the remaining money to the distributees of the deceased. The job of finding the distributees is often the most time-consuming and expensive, as distant relatives may have to be located in multiple countries with the help of genealogists or investigators.

Continue Reading What is a Public Administrator?