Common duties of an executor
For some people, learning that they have been named as executor to a loved one's can be overwhelming. After all, how are you going to deal with the myriad of responsibilities that come with being an executor. For others, it is old hat, as they had expected to be the point person for handling all of the administrative duties that come with closing one's estate. Regardless of your level of experience in administering estates, it is helpful to know what to expect. With that, this post will highlight some of the duties and expectations that come with being an executor.
Finding assets to be distributed - When a person passes away, the extent of their possessions may not readily known. As such, the executor may be responsible for finding assets of the deceased so that they may be properly distributed.
Determining if probate court is necessary - Depending on the size of the estate, this decision may already be made. An experienced estate administration can help advising you on what value of estates may be appropriate for probate.
Locating people who were named in the will - The executor must also locate people who are poised to inherit property or assets as determined by the will.
Maintaining property before distribution - It is also the executor's responsibility to ensure that property of the estate is not harmed or otherwise disposed of before it can be distributed.
Of course, these tasks are not easy. Because of this, it is helpful to hire an experienced attorney who knows the system and can shepherd an executor through the process.