What are my responsibilities as an executor of a will?

What are my responsibilities as an executor of a will?

As an executor, you are responsible for managing the deceased's estate, including paying debts, distributing assets, and ensuring the will is executed according to the law.

How do I handle debts and taxes owed by the estate?

You must identify all debts and taxes, notify creditors, and pay them from the estate's assets before distributing anything to beneficiaries.

What if there are disputes among the beneficiaries?

If disputes arise, you may need to mediate between parties or seek legal advice to resolve the issues, possibly involving the court.

Can I be held personally liable for mistakes I make?

Yes, if you fail to fulfill your duties properly or act in bad faith, you could be held personally liable for any losses incurred.

What resources are available to help me as an executor?

You can consult with an attorney specializing in probate law, use online resources, or join executor support groups for guidance.