Being named an executor is no small task. It’s a role filled with responsibilities that can feel overwhelming, especially when you’re dealing with the loss of a loved one. Executors have a list of ...
A nominated executor is obliged to secure estate assets even before the issuance of letters testamentary, or preliminary letters testamentary (see Matter of Schultz, 104 AD3d 1146 [4th Dept. 2013]).
Administering to a deceased person's estate requires a lot of thankless work. Most people only act as an executor once or twice in their life -- you might only probate your surviving parent's will and ...
Being named as an executor in a loved one’s Last Will and Testament is a big responsibility. It is important to understand what you are agreeing to before you step into the role as executor. First, it ...
aquaArts studio / Getty Images Suppose your mom, who is widowed, has three children (including you). She executes a will that leaves her estate to you and your two siblings, and names you as executor ...
Most people are completely unaware of the heavy personal legal and financial responsibility they accept when they agree to ...
Dear Savvy Senior, An old family friend recently asked me to be the executor of his will when he dies. I feel flattered that he asked, but I'm not sure what exactly the job entails. What can you tell ...
Home Retirement Estate Planning How to Perform the Duties of Executor of an Estate If you have been named executor in a will, you have quite a bit of work ahead of you. Here is how probate works, plus ...
When someone dies, others may be called on to manage their estate. An executor is charged with overseeing the distribution of someone’s assets according to the will or state inheritance laws if they ...