What Are The Responsibilities Of An Executor Of An Estate?

Executor Duties include

  • Going to Court and applying for the Grant of Representation, which is the confirmation of legal authority to administer the Estate.
  • Identifying and dealing with any valid claims against the Estate.

What are the responsibilities of an executor of a will?

Specific duties will include: choosing the type of probate, filing the will for probate, setting up an account for paying bills, paying estate debts and taxes, maintaining willed property, making and filing an inventory with the court, distributing assets, and many more.

What rights does an executor of an estate have?

The executor begins his role by communicating his position to the beneficiaries, financial institutions and known creditors. The court gives the executor the right to act on the decedent’s behalf. The executor can liquidate assets to pay the bills of the estate or use the funds in the estate to pay these bills.

What is the executor of a will entitled to?

Executors are legally responsible for: Identifying everything in the estate — for example, cash from bank accounts, insurance policy proceeds and pension payments. Collecting in all the assets and paying the debts and liabilities. Making distributions to beneficiaries in accordance with the terms of the will.