If you are like most people, you understand the importance of creating a well-rounded estate plan during your lifetime. One of the most important facets of estate planning is writing a will and choosing an executor to administer your estate upon your passing. That being said, the executor you choose is a critical decision, as the job comes with a wide array of responsibilities. Please continue reading and speak with our Pennsylvania estate administration attorneys to learn more about what executors have to do and how our firm can guide you through every step of the process ahead. Here are some of the questions you may have:
What are the responsibilities of an executor?
Executors have a wide array of responsibilities. To start, once the individual passes away, the executor will have to manage his or her estate to ensure that all assets are distributed accordingly to the appropriate beneficiaries and that all additional tasks are taken care of. First, the executor will bring the will to the Surrogate Court. From here, the probate process will commence, wherein the court will determine whether the will is valid, and as long as it is approved, the executor will then have to handle all financial matters on behalf of the decedent, including paying any debts or taxes that the decedent may have left behind. From here, you will then distribute the decedent’s assets to his or her beneficiaries. If one or more beneficiaries should contest the validity of the will or what they are entitled to in the will, the executor will have to sort out such issues. Our firm can help ensure that your job as the executor goes as smoothly as possible.
How should I choose an executor?
There are few things more important than choosing the right executor. As you can see, the position comes with a great deal of responsibility, which is why you should not only select someone you trust, but also someone who you know is responsible and will handle your estate accordingly. Appointing the wrong executor can have a significant, and negative, impact on the outcome of the estate administration process, which is why you must choose wisely. If you have any additional questions about the estate administration process, whether you are the person writing your will or you have been chosen as an executor, our firm is here to help.
CONTACT OUR EXPERIENCED PENNSYLVANIA FIRM
Whether you are dealing with matters involving estate planning, estate administration, or elder law, you need a legal team that you can feel confident will represent your best interests, every step of the way. We are that legal team. Contact Heritage Elder Law & Estate Planning today so we can get started.