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In addition to carrying out duties in a diligent, impartial and honest manner, an executor may also be required to perform any or all of the following activities, among others: 1. Get a copy of the will and file it with the local probate court. 2. Notify banks, credit card companies, and ...
An executor is someone who has been named in a will to administer the testator’s estate after he has died. The executor has a wide array of responsibilities to the decedent, the beneficiaries, the government and the court. The rules for executors vary from state to state, so it is important to verify the specific requirements for each jurisdiction.
Executors, as part of winding down an estate, will often perform the following functions, with the money to perform these duties comes from the estate itself: Distributing assets according to the will. Maintaining property until the estate is settled (e.g., upkeep of a house). Paying bills for ...
An executor is a person named in a will to oversee the process of wrapping up the decedent’s estate and distributing the remaining assets according to the will. Service as an executor typically lasts around a year from start to finish, but the time varies depending on the size and complexity of the estate.
Administrative Duties. The executor must take control of and protect all of the testator's (the creator of the will's) assets until final distribution. Typically, a list of all assets carefully outlines the full extent of the testator's assets, including a value for every asset in the estate.
An executor of a Will is the person nominated to take care of a deceased person's estate after they pass away. Being an executor of a Will can feel overwhelming for some people, but it doesn’t need to be.