When someone asks you to be the Executor of his or her Will, you usually agree to act in that capacity without thinking it through carefully. It is one of those things that people naturally say yes to. However, when it comes to to actually carrying out your duties as an Executor, you will face problems if you have not thought about what you need to do and prepare for it.
Most of the time, Executors need to go to Probate to carry out their duties. This requires that you follow formal and set legal procedures that few people are aware of until they have done it a few times. It’s a complicated process. Executors need to file tax returns for the deceased and the estate. Executors need to perform all of their duties within legal time limits to avoid hassles and legal difficulties for the estate.
I don’t say this to discourage you from agreeing to be an Executor. It is merely to let you know that you need to plan ahead for what you will do when the time comes to be the Executor. The best thing you can do is to hire an experienced Probate attorney to help you.
Latest posts by Stephen A. Mendel, Estate Planning Attorney (see all)
- Famous Estates-Champ or Chump? Jane Fonda - September 13, 2019
- Texas Trivia – Name the first of six flags to fly over Texas. - September 6, 2019
- Famous Estates-Champ or Chump? Paul Walker - August 30, 2019