The process of settling an estate after a loved one dies is naturally confusing and emotionally trying. The confusion is often heightened for those who come to find that they have been named the executor of the deceased person’s estate. A new article in
Forbes attempts to help such people understand the role and responsibilities of an executor, a role that few are prepared to accept.
If the deceased person was particularly wealthy or had a complicated estate, the first step may be speaking with an experienced estate planning attorney. The American Bar Association has also released a helpful book,
Guide to Wills and Estates, which may be a helpful read for first-time executors. Although the intended audience of the book is those planning their estate, the general information proves to be a helpful source for executors trying to make sense of it all.
Essentially, as the executor, you are entrusted with carrying out the final wishes of the deceased person, as described in his or her will. Tasks of the executor include offering the will for probate, protecting the estate, paying any debts and taxes, and distributing property to the proper beneficiaries.
If you have been named executor of an estate and would like help understanding and carrying out your duties, or for any other estate planning questions, please call us at 818.956.9200.