2007-03-30 05:05:02 · 4 answers · asked by rgreenfi 2 in Politics & Government ➔ Law & Ethics
This is in no way to be considered legal advice, but I did work for an estate planning attorney! My understanding is:
An executor of a Will can either be designated by the creator of the Will or by a court of law. Your responsibilities will include management and distribution of assets and affairs pertaining to the deceased. If the estate was not worth a certain dollar amount, assets should be able to be distributed fairly simply.
Hopefully, there was also a Trust, which can help to avoid probate because the Trust would dictate the ownership and distribution of assets.
It would be worth your while to hire a decent attorney and a good accountant to help you with this!
2007-03-30 05:18:25 · answer #1 · answered by genmalia 3 · 0⤊ 0⤋
Unlike the 'undertaker', an executor is one who enforces the provisions in the will of a deceased. He or she has the enormous responsibility to make sure that the provisions are strictly implemented.
2007-03-30 05:11:01 · answer #2 · answered by Sami V 7 · 0⤊ 0⤋
The executor is the person named by the testator, to administer his estate as per the Will.
2007-03-30 05:08:38 · answer #3 · answered by ? 4 · 0⤊ 0⤋
Varies from state to state, but essentially to see the terms of a will are followed out, to settle all claims against the estate, to sell or transfer real and/or personal property as needed, to address all tax liabilities and provide a final accounting for the estate to the governing court,
2007-03-30 05:07:47 · answer #4 · answered by wizjp 7 · 0⤊ 0⤋