Posts tagged "executor"

Choose your executor carefully--it can be a risky job

Executors, or personal representatives in some states, are responsible for administering a person's estate after that person dies. These duties include collecting and managing any assets, paying off any bills and taxes, closing the estate and eventually distributing what is left of the assets.

What are the basic responsibilities of an executor?

Having the responsibility of winding up an estate can be intimidating, particularly for those who have little experience with legal or financial matters or for those dealing with a complex estate. The executor, the person responsible for making sure the will is carried out properly, involves gather all the information for the assets and making sure they are divided up properly.

Acting as executor of an estate doesn't have to be a nightmare

Being named the executor of an estate, for many people, is an overwhelming thing to take on. But it doesn't have to be. While there are a good many steps to the process and potential difficulties along the way, preparing ahead of time and having professionals to consult can make things a lot easier.

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