-An executor is a legal individual that helps the deceased family in distributing their properties and sorting out outstanding debts and expenses. Though the task seems simple, there are many tasks before an executor.
- The following are some of the duties of an executor:
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Determines Who Inherit The Will
An executor is an individual to determine who wins the will. However, he has to file the will with the probate court first.
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Keeps The Right Individuals Informed
It is also the duty of an executor to keep government agencies, banks, insurance companies, etc informed. This will enable him or her to have access to debts or compensations of the deceased.
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Opens An Account
It is, therefore, the responsibility of the executor to open one. All incoming funds are expected to enter into the account and all payments are expected to be made from it.
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Keeps The Property In Order
As an executor, he or she is expected to ensure that the property of the deceased is well maintained. In addition, he or she determines which property is to be sold and those to be distributed to the heirs or heiress of the deceased.
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Represents The Deceased
It is the duty of the executor to represent the deceased in any situation, be it court, banks or any other organization. This is one of the reasons why a close relative of the deceased is usually chosen as an executor.
Even though an executor is a close relative, it is important to consult professionals in the selection process. This is because of their vast experience. Visit forms.legal today to get free last will and testament document as per US state laws.
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