You’ve
been named as the executor of a late loved one’s will, but have no
idea on what to do. A good move to consider is to hire a probate
attorney for legal assistance.
Take
note that as an executor, you’re entitled to hire a probate
attorney whose fees can be reimbursed or paid from the
estate’s assets. Hence, if the estate is complex or likely to be
contentious, there’s no reason for you not to work with a lawyer.
Other than helping you avoid mistakes with the paperwork and ensure
that you meet all the deadlines, a probate lawyer can see to it that
disagreements among family members are avoided.
Responsibilities of
an Executor
The responsibilities of
an executor includes the payment of the deceased’s taxes,
management of his/her estate assets, and distribute said estate to
the beneficiaries stated on the will.
These tasks are made
easier with the help of a knowledgeable lawyer. In fact, if the
decedent had his or her affairs all sorted out, your job as an
executor may only take a few hours each week from beginning to end of
the administration.
To Be or Not to Be
Finally, you ought to
know that you have the right to turn down the job of executor as
you’re not compelled to serve as one. The will might appoint a
successor executor, or if none, the Court will appoint someone to
serve in your place, usually a capable family member or an
independent professional fiduciary.
