Difference between revisions of "Introduction to Being an Executor"

The executor locates all of the person’s assets, pays the funeral costs, debts and taxes, and then distributes the remaining money and property according to the instructions in the Will. The executor is accountable to the beneficiaries. For example, the executor must let the beneficiaries know when he or she is applying for probate, and must keep records and give all beneficiaries a final statement of accounts.

Being an executor takes time, energy and careful attention to detail. An executor can get help from friends and family members and also from a lawyer or accountant if necessary. However, the executor is the person who is legally responsible. An executor will make the decisions, watch over everything, and keep accurate records.