Essentially, an executor is charged with protecting a deceased person’s property until all debts and taxes have been paid, and seeing that what’s left is transferred to the people who are entitled to it.
The law does not require an executor (also called a personal representative) to be a legal or financial expert, but it does require the highest degree of honesty, impartiality, and diligence. This is called a “fiduciary duty” – the duty to act with scrupulous good faith and honesty on behalf of someone else.
Executors have a number of duties, depending on the complexity of the deceased person’s financial and family circumstances. Here are the top ten duties you are tasked with in this role:

Get a copy of the will and file it with the probate court

Notify banks, credit card companies and government agencies of the death.

Set up a bank account for incoming funds and to pay ongoing bills.

Maintain the property until it can be distributed or sold.

Pay the estate’s debts and taxes.

Distribute assets.

Dispose of other property

 

 

 

Losing someone we hold dear is never easy, and the pain experienced is often exacerbated by the legal issues and heavy responsibilities that come with being appointed the Personal Representative.

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Being appointed the executor is both an honor and a burden. To gain clarity in winding down the earthly affairs of your loved one, we have put together a handy chart that outlines your duties. To get your copy, simply enter your name and email address.

Are you tasked with settling a loved ones' estate in Los Angeles, Orange, San Diego, Riverside, San Bernardino, or neighboring county?  

 

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