IAEA Probate (Independent Administration of Estates Act) (noun): This act determines the level of authority the executor or administrator of a probate estate is granted in administering most aspects of the decedent’s estate. This level of authority is designed by the probate court and is in accordance with the IAEA. A major aspect of this legislation relates to the sale of real estate in probate with or without court supervision. To read more about IAEA Probate click here.
Words commonly used with this term include:
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