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Difference between revisions of "Being Asked to Be an Executor"
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Being Asked to Be an Executor (view source)
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== When does the responsibility of executor end? == | == When does the responsibility of executor end? == | ||
In general, it can take about one year to complete the work of executor for a straightforward estate. This is commonly referred to as the “executor’s | In general, it can take about one year to complete the work of executor for a straightforward estate. This is commonly referred to as the “executor’s year”. | ||
That said, there is no set time when the responsibilities of the executor are finished. The executor remains responsible for looking after the estate, even after the estate property has been distributed to the beneficiaries under the will. If assets or debts turn up years later, the executor will still be legally responsible for dealing with them. The executor’s role is only finished when the court formally discharges the executor. | That said, there is no set time when the responsibilities of the executor are finished. The executor remains responsible for looking after the estate, even after the estate property has been distributed to the beneficiaries under the will. If assets or debts turn up years later, the executor will still be legally responsible for dealing with them. The executor’s role is only finished when the court formally discharges the executor. | ||
== Could you get help from professionals? == | == Could you get help from professionals? == | ||
