What Is the Difference Between Estate Planning and Estate Administrator?

Many confuse estate planning with estate administration. And although both are essential parts of the estate lifecycle, they serve very different purposes. Let’s explore the difference between estate planning and estate administration so you can make informed decisions.

Estate Planning vs Estate Administration

Estate planning is the thoughtful, intentional process of making sure your wishes are honored during your life and after you pass. A solid estate plan ensures that the people you care about are protected, your finances are in order, and your values are reflected in the decisions that will be made when you can’t speak for yourself.

According to a 2023 Caring.com survey, only about 34% of American adults have an estate ready to go, despite more than 60% of them acknowledging its importance. That gap often leaves families scrambling during already difficult times.

Estate planning happens before death and puts you in control of your future. Estate administration is the act of securing your wishes after your death or managing your estate if you’re unable to do it yourself.

The Main Difference Between Estate Planning and Estate Administrator

Estate planning happens during life; estate administration begins after death.

A designated person (known as the estate administrator or personal representative) steps in to carry out the wishes left behind, or, in the absence of a plan, to settle the estate according to Arizona law.

The estate administrator’s job is to gather assets, pay off debts, file necessary court paperwork, notify beneficiaries, and ensure that everything is distributed properly. If there’s a will, they follow the instructions outlined in it. If there isn’t, the process can be longer and more complex, as the court will decide who receives what based on state statutes (probate).

Serving as an estate administrator can be overwhelming, especially during a period of grief. Many people don’t realize the level of detail and responsibility involved until they’re faced with the role. That’s why we’re here to help. Contact Nicole Pavlik Law Firm to schedule a consultation.

Why It Matters

Estate planning is the gift you give your future self and your family. It’s your opportunity to make your intentions clear and reduce the burden on your loved ones. Estate administration, on the other hand, is the follow-through. It’s the execution of those plans, ideally done with care, organization, and legal guidance.

Without an estate plan, estate administration becomes more stressful, more expensive, and more time-consuming. That’s why we encourage every client not only to think about their legacy but also to take the necessary steps to protect it.

How to Create an Estate Plan

Think about your goals: Who do you want to inherit your assets? Who should make medical or financial decisions if you’re unable to? Do you have minor children or a business that needs protection?

Once your priorities are clear, the next step is to meet with an estate planning attorney to create customized legal documents. Your estate attorney will ensure these documents are valid under Arizona law, reflect your true wishes, and work together cohesively.

Steps to Take for Estate Planning as an Estate Administrator

Here are the key steps to take as an estate administrator:

• Locate and review the estate plan – Secure copies of the will, trust documents, powers of attorney, and any other directives.
• Initiate probate, if needed – File the will with the appropriate Arizona probate court and formally request appointment as personal representative.
• Inventory assets – Gather information on real estate, bank accounts, investments, debts, and personal property.
• Notify interested parties – This includes heirs, beneficiaries, creditors, and government agencies such as the Social Security Administration.
• Settle debts and taxes – Pay outstanding bills, taxes, and final expenses from the estate.
• Distribute assets – Follow the instructions in the will or Arizona intestacy law if no will exists.

Creating an estate plan doesn’t have to be overwhelming, but being an estate administrator can be even more stressful. Let the estate attorneys at Nicole Pavlik Law Firm help. Get started today.