What are the Duties of an Executor?
Full Question:
I am named as executor in the Will of my Father. What will be my duties?
05/27/2007 |
Category: Wills and Es... ยป Probate |
State: ALL |
#5984
Answer:
The executor's obligations are generally to: a. Safeguard the property and assets of the estate; b. Inventory (or make a list of) the property; c. Submit accounts or inventories to the court as required (these could be waived); d. Pay the debts and expenses of the deceased (such as funeral and burial expenses, medical expenses, and credit card bills); e. Pay any federal or state death taxes, if any; and f. Distribute the estate to those named in the will or, if no will exists, to your heirs as designated by statute