Related Definitions
What is IAEA Probate (Independent Administration of Estates Act)?
A streamlined probate process in California that allows the executor to manage estate assets with minimal court supervision.
A California law that provides a streamlined process for administering estates without the need for court supervision. Under IAEA, executors can manage estate affairs more flexibly, such as making distributions and settling debts without requiring frequent court approval. This approach can expedite the probate process and reduce costs, making it appealing for uncomplicated estates or when beneficiaries are in agreement.
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