An executor is usually appointed in a will to carry out the wishes of the testator upon their death. This personal representative is normally a family member or close friend, with an alternate choice also appointed. In order to guarantee that the chosen executor is aware and willing to assume the responsibilities of the position, it is best to advise them of his or her duties before the testator passes away. Duties of an executor include: filing necessary tax and court documents for the estate, consolidating and managing the testator’s assets, selling property to pay any estate taxes or other expenses, and also collecting any debts that may be owed to the testator at his or her death. Explore the corresponding sections for information on the role of an executor, how to choose an executor, and an explanation of what an executor does.
- What Does an Executor Do? : Learn about the many duties handled by the executor, including overseeing the disposition of property, paying off debts, and more.
- Choosing the Executor FAQ : Find answers to your questions about executor eligibility, the qualities an executor should possess, naming an alternative executor, and more.
- Checklist: The Executor’s Role : A checklist of the tasks executors must complete, including filing a petition with the court, collecting all of the decedent’s assets, paying state and federal taxes, and preparing a statement of receipts.
- Will Executor Duties FAQ : Learn about what executors typically must do, whether they may refuse the responsibility, whether they’re paid, whether they receive professional assistance, and more.