Administrator

A court term used to describe the individual responsible for the affairs of another. Most commonly found in the documents associated with children or deceased individuals.

Form 1041 – Income Tax Return for Estates

Form 1041

When an individual passes away, his/her will or trust identifies a representative to administer his/her estate.  This representative is referred to as the executor (male) or executrix (female) and is generally approved or assigned by the local circuit court.  The Internal Revenue Service tasks this representative to file a final personal return and information returns until the estate is completely transferred to the heirs.

This content is for Bronze, Silver, One-Time and Contractor's Diagnostic members only.
Log In Register
Follow by Email
Facebook
Google+
https://businessecon.org/tag/administrator">
Twitter
LinkedIn