The executor’s responsibilities include reading the will, distributing items to beneficiaries, notifying companies of the death, paying bills and taxes, and closing the estate. They must also ensure all debts are paid and income taxes are filed before closing the inheritance. An executor is responsible for closing the threads left by the deceased. One of […]
An executor is responsible for managing the affairs of a deceased person and distributing their assets according to their will. They must collect and account for all assets, pay debts and taxes, and distribute the remaining estate. Qualifications include being of legal age, sound mind, and able to perform necessary tasks. Negligence can result in […]
The executor manages the deceased’s estate, validating the will, settling debts, and distributing assets to heirs. They have a fiduciary duty to make good decisions and may hire professionals. Taxes must be paid, and the executor authorizes the final distribution of assets to heirs. The executor is the person designated in the will as responsible […]
