Death is not an easy matter to deal with. This is especially true if you have been named the executor of an estate. It is a burden and responsibility that few people want and welcome. However, if the departed named you their executor, it was because of the trust and confidence they had in you.
It is a task you are bound to take up and do well. And if you are organized and methodical, you can carry out the wishes of the deceased to the letter.
Why You Need Help
As the executor, you are the personal representative of the estate. You are legally responsible for protecting the assets of the deceased person until the probate process is complete and they have been divided and distributed.
If you have no training in estate planning or probate law, the process can be difficult to understand. Indeed, you will most likely know nothing about the legal side of it. And without this specialized knowledge, you won’t be able to do your job as an executor.
Here are 7 reasons why you should seek assistance as the executor of an estate:
1. You will need to obtain the death certificate
As the executor of the estate, you will need to make the funeral and burial arrangements. This is not a difficult process, and the estate can pay for the costs.
However, the first thing you’ll need to do is to obtain the death certificate. You should seek the advice of an estate planning lawyer.
Numerous institutions will need a copy of the death certificate, including banks, investment firms, life insurance companies, Veterans Affairs, and the Social Security Administration. A lawyer can analyze the estate of the deceased and determine the number of copies needed and who they must go to.
2. Securing wills and trusts
The person who informed you that you are the executor probably has a copy of the will. It will most likely be the lawyer of the deceased.
You should confirm that the will that is to be executed was truly their last will and testament. You will then need the lawyer’s advice in submitting it to probate court and having it accepted and validated.
The will should be filed no later than a month after the death. If the person had…
Continue reading the article and learn more about being the executor of an estate on Daisy Linden’s blog.