What is an executor?

When the person who made a will dies, their property and possessions form their estate. The executor administers the estate by locating all of the will-maker’s property, paying any debts, the funeral costs and taxes, and then distributing the rest of the estate according to the instructions in the will. Being an executor takes time, energy and careful attention to detail. An executor can get help from friends and family members and also from professionals such as a lawyer or accountant. However, the executor is the person who is legally responsible. An executor makes the decisions, watches over everything, and needs to keep accurate records.

Share this post
This entry was posted in BLOG and tagged , , . Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *