An administrator is the individual appointed by the probate court to manage an estate when the decedent did not leave a valid will naming an executor.

A beneficiary is a person or entity entitled to receive assets from a trust, will, or estate.

A court confirmation is a probate court hearing where a judge reviews and approves the sale of probate property. Qualified overbidders may appear at the hearing and bid above the accepted offer.

An estate refers to the assets, liabilities, and property owned by a person at the time of death.

Fiduciary duty refers to the legal obligation to act in the best interests of another party. Executors and trustees owe fiduciary duties to the estate and beneficiaries.

An heir is a person legally entitled to inherit property when someone dies without a will.

The IAEA allows executors or administrators to take certain actions, including selling real estate, with reduced court supervision depending on the authority granted by the court.

Letters Testamentary are official court documents granting an executor authority to act on behalf of an estate.

A personal representative is the executor or administrator responsible for managing estate affairs during probate.

A probate referee is a court-appointed professional responsible for appraising estate assets during the probate process.

A trust sale involves the transfer or sale of real estate held in a trust, typically managed by a trustee instead of a probate executor.