Life Planning

INDEPENDENT ADMINISTRATION OF ESTATES (IAEA)

WHAT IS THE INDEPENDENT ADMINISTRATION OF ESTATES ACT?

The Independent Administration of Estates Act (IAEA), enacted in 1987, has changed and streamlined the Probate Process.  The IAEA is a series of laws allowing a personal representative of your choice to administer most aspects of a decedent’s estate without court supervision. The authority to administer the estate under the IAEA can be given by the decedents will or by the court upon the petition by the personal representative. It is generally done when the probate proceeding is initiated but can be done at any time during the proceedings […] Read more