What Are The Duties of An Executor?
When a person dies and probate is necessary, a court will appoint a personal representative, called an executor or administrator, to oversee the winding up of the decedent’s affairs.
The duties of the personal representative are:
- to inventory and collect the decedent’s assets;
- to manage the assets during administration;
- to receive and pay the claims of creditors and tax collectors; and
- to distribute the remaining assets to the decedent’s beneficiaries.
The personal Representatives responsibilities are finite, ending when the the estate is settled and the assets in the estate are distributed to the decedent’s beneficiaries.
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