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What does an executor have to do?

Probate is a long process in some cases, and it's filled with legal requirements. As an executor, you'll want to make sure that you administer the estate quickly after your loved one dies. Probate is the way you obtain the power to do so.

When your loved one passes away, it's your job to submit the will to the court. The court then looks at the will and determines if it's legal and can be upheld. If there's a problem with it, then the assets from the estate will be distributed in accordance with state law. If the will is binding, then you will be tasked with taking care of the estate.

You have to pay bond during this process, because it's insurance for any mistakes you could make. Most people don't make mistakes, but if you do, you want to know that you won't be personally liable for the expenses of doing so.

Once you pay bond, you'll need to find out where assets are and secure them. That may mean locking doors at the home, locating lock boxes and finding other items that the decedent wants to leave to the beneficiaries. You're tasked with paying creditors and resolving debts.

After this, you'll have to file a final tax return for the estate. Only after this is done will you be able to distribute the remaining assets to the beneficiaries and heirs of the estate.

Don't be afraid to reach out to an attorney for assistance during this process. With good support, it's easier to do your job as an executor.

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