Visa - MasterCard - American Express - Discover Network Visa - MasterCard - American Express - Discover Network

What are the main responsibilities of a will executor?

When you create a will, you need to name an executor. While this may not sound like a big decision, it's important to realize that this person is responsible for a variety of tasks.

Here are some of the many things that the executor of a will may have to do:

-- Locate the assets of the deceased person.

-- Decide if going through the probate process is required by law.

-- Locate and contact the people named in the will as beneficiaries.

-- Pay all remaining debts and final expenses.

-- Set up a bank account for the estate, which can be used to pay final expenses.

-- Pay final income taxes.

-- Ensure that all property is distributed to the appropriate people.

-- Satisfy all final obligations required by the probate court.

As you can imagine, each of these points includes a variety of additional tasks. For example, it's not always as simple as it sounds to locate all of the assets of a deceased person. This is particularly true if you don't have much direction as to where you should start.

With all of these responsibilities in mind, it's easy to see why you have to choose a responsible and trustworthy person to act as executor. If you aren't completely confident in your decision, you may never feel comfortable with your estate plan.

If you have yet to name a will executor or if you need to make a change, there is no better time than now to review your situation and do what you feel is best for you and your family.

Source: FindLaw, "What Does an Executor Do?," accessed May 04, 2017

No Comments

Leave a comment
Comment Information

Our Commitment To Our Clients

Walden, Blair & Associates is committed to serving needs of the Athens - McMinn county area, including the neighboring counties of Monroe, Meigs, Bradley and Polk.

We strive to be as accessible, flexible, and available as our time and resources will allow.

  • TBA - Tennessee Bar Association
  • Tennessee State Courts - TNcourts.gov
  • Athens Area Chamber of Commerce
  • LAET - Legal aid of east Tennessee - Justice for all
  • Board of Professional Responsibility of supreme court of Tennessee