If you have recently been named the executor of an estate, you may be feeling undue pressure and stress at the task that looms before you. You may feel that you do not have time to undertake the position while juggling your normal day-to-day responsibilities. Becoming organized and aware of what is going on around you can help simplify this somewhat complicated process.
The executor is in charge of managing the estate, including protecting the assets, finances and property of the estate. As the executor, you are responsible for the estate during the probate process and must help to distribute the property to the beneficiaries. There are some simple steps you can take to make the process easier for everyone involved.
First, make an organized list of tasks that need to be accomplished, such as obtaining the death certificate, making funeral arrangements and finding the will and trust information. Be sure to keep all of the property and assets in a safe place where no one can take them. Make sure that you pay the bills and taxes that are owed by the estate. This may come directly out of the assets, and you should keep a detailed account of these balances.
Remember that you can obtain professional help if you need someone to guide you through the process. It is best to ask questions and do things correctly than run the risk of making an error. A simple mistake may make the estate administration process last even longer.
This information is intended to educate and should not be taken as legal advice.
