Once a person dies, it is important to execute the will as soon as possible. Normally, the will first has to be filed with the probate court. Then, it can be executed.
The executor has a few responsibilities. They have to make sure that the will is carried out in accordance with the decedent's wishes and in accordance to the laws of the state. Normally, it's advisable to seek the advice of an estate-planning attorney, so that executors can be sure that they're executing the will properly.
How soon do beneficiaries get distributions?
Beneficiaries obtain distributions from the will only after the executor has completed all other steps involved. For most situations, this means that the executor needs to complete funeral plans, ensure that the will is the most recent copy and register the death. Then, the executor has to pay the taxes for the estate, pay creditors and make sure debts are resolved.
Once the bills and taxes are paid, the executor may need to make court appearances on behalf of the estate. However, if the judge determines that there are no other issues to take care of, then the executor is able to distribute the assets left by the decedent.
Executors are not usually paid for their services, so keep that in mind if you take on the role. It can be complicated and time-consuming, but it is worth it to support your loved one's last wishes. If you have any questions about what you're expected to do in the role of an executor, you can work with your loved one's attorney.