Letters of administration are granted when an individual who petitions to be appointed as the administrator or administratrix meets three requirements.  First, the prospective administrator or  administratrix must be at least eighteen years of age.  Second, the prospective administrator or administratrix must not have been convicted of a felony.  Third, the prospective administrator or administratrix must be of sound mind.  The petitioner must then take an oath that is required by statute.  In addition, unless waived or reduced by the court, the petitioner must give bond in an amount equal to the value of the decedent’s personal estate. 

Unless waived for good cause, three disinterested persons are appointed to compile an inventory and appraise the decedent’s chattels, goods, and personal estate; this requirement excludes money and choses in action.  The inventory and appraisement must be completed thirty days after letters of administration are granted.  In addition, the administrator or administratrix must make an inventory of the decedent’s money that comes into the administrator’s possession and debts owed to the decedent.  In the event that the court waives the appraisal requirement, the inventory that is prepared by the administrator or administratrix must also list and value any of the decedent’s property that is in his or her possession.

 The administrator or administratrix of an estate must make a diligent effort to identify and notify the decedent’s creditors.   After completing these tasks, the administrator or administratrix must file an affidavit indicating compliance with these mandates.  Subsequently, a notice to creditors must be published once a week for three consecutive weeks.  The preferred means of notification is publication in a newspaper that is circulated in the county of the decedent’s residence.  If the claim of a creditor is not probated and registered with the clerk of the court within ninety days of the first publication, the claim is forever barred.