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Difference between revisions of "Ten Steps to Being an Executor"
From Clicklaw Wikibooks
Ten Steps to Being an Executor (view source)
Revision as of 16:26, 16 March 2017
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* paying any '''debts''' and taxes, and | * paying any '''debts''' and taxes, and | ||
* distributing what remains of the estate among the people named in the will to receive a share of the estate, known as the '''beneficiaries'''. | * distributing what remains of the estate among the people named in the will to receive a share of the estate, known as the '''beneficiaries'''. | ||
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| text = <div>The executor is a trustee, bound to act for the good of the estate, even though the executor may also be a beneficiary or have a personal interest in the estate assets. The executor must put the interests of the estate before their own personal interests. As a trustee, the executor is accountable to the beneficiaries. For example, as executor, you must keep records and give all beneficiaries a final statement of accounts.</div> | |||
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