What Exactly Is the Executor Responsible for?
Usually the deceased will designate an executor of their estate, but if they did not name an executor the State will handle the probate process - in which case you should still have a probate administration attorney. Regardless of who the executor is, that person or entity may be responsible for:
- Taking inventory of all property and assets
- Settling Debts
- Collecting any rights to income
- Settling financial and property disputes
- Filing the deceased’s final income tax return
- Filing the estate tax return, if needed
- Preparing an account for estate assets and expenses
- Litigating creditors’ claims
- Distributing or transferring any remaining property and assets to heirs
This responsibility is great and daunting, but we are committed to helping you with your duties and advising on any legal matters or disputes.
We understand that this is a very hard time for you and your family. Instead of taking over and throwing information at you, we will provide support for you and your family through compassion and empathy. Our firm builds strong relationships with our clients, and we want to ensure you are confident with handing over your burdens to us.
If you are going through the probate process or are looking to avoid probate for your family in the future, please contact our office today to schedule a free consultation. Our legal team is eager to help you. Call now.