5 Essential Tasks of a Will’s Executor They are Part of Estate Administration
A popular and often-used benefit of group legal plans is the writing of a simple will. These are no more than six pages long and are the last testament of an individual and divide that person’s estate. A principal player is an executor. This is the individual who takes care of the administration of the will. There are several tasks that the executor is expected to perform.
The Filing.
The first task of the executor is to file the will with the probate court in the county where the deceased person resided. Once the will is filed, the court will issue what’s called “letters testamentary,” which gives the executor the legal authority to act on behalf of the estate.
Notifying Beneficiaries and Heirs
Once the will is located, the executor must inform all beneficiaries and heirs of the death and their role in the estate. A copy of the death certificate and/or the will might need to be provided
Managing Assets and Debts
The executor is responsible for managing all assets and debts of the estate. This includes paying any bills and taxes that are due, as well as distributing assets to beneficiaries according to the terms of the will. In addition, the executor is required to keep accurate records of all activity.
Distributing Assets According to the Will.
This is perhaps the most critical task of an executor, as it involves ensuring that the deceased person’s last wishes are carried out to the letter.
Closing the Estate
Once all debts have been paid and all assets have been distributed, the estate is closed by filing any necessary paperwork with the court. That should bring the executor’s role to an end.
Seeking Advice Helps
Appointing an executor is an essential part of estate planning. It is not an easy decision to select one, and it should be done in a timely manner. The executor has considerable influence over how the will is implemented, and a responsible person in that position is good for the beneficiaries.
A group legal plan that offers simple will drafting must also contain a few other things for the sake of quality. Countrywide Pre-Paid Legal Services does more than just write the document.
We have a nationwide network of seasoned attorneys who provide pre-paid legal services to plan members. It includes writing the simple will and giving suggestions on how to select a good executor. A Countrywide attorney is both a lawyer and a teacher. That person explains the ins and outs of probate law. The result is somebody who knows more about the states than before.
Clients Are Involved
Pre-paid legal services must be able to benefit all employees. Therefore, a prospective client is asked to look at what we offer in the group legal plan benefit, and we answer every question posed to us. The client then decides what benefit options will be offered to their employees. In addition, we will provide administration for the group legal plan and superior member services.
A good will includes an executor who is mature and able to perform all the necessary tasks. Being named the executor of a will can be a daunting task, but it is important to remember that you are not alone. Countrywide Pre-Paid Legal Services is ready to assist plan members in this important task. We can help anyone make a better decision about an executor. Your surviving family and friends will benefit from the help you get from a Countrywide attorney
If you have any questions about Countrywide and the pre-paid legal services we provide in a group legal plan benefit, please feel free to contact us at your earliest convenience.
