What Does it Mean to be an Executor?
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If you are named as the executor of an estate and the probate court agrees to appoint you, you must collect and inventory the assets, pay the debts, taxes and the expenses of administration, and then distribute the remaining assets to those persons entitled to them.

It can be a big job depending upon the size of the estate, and involves a mixture of legal, administrative, accounting, and often personal mediation skills. As executor you will need to make claims for any life insurance, employee, and social security benefits.

You must also file income, estate, and inheritance tax returns, pay the taxes accordingly, and sell or distribute all of the assets.

Your tasks also require that you present an accounting of your activities to the beneficiaries and the court. Obviously, the job requires a considerable amount of time. It may be necessary or advisable to find a lawyer to help you.


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This content is for information only and may be incomplete. It is not intended to be legal or tax advice.
You are encouraged to consult with your own attorney, accountant or other advisor.




 
     
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