A probate lawyer helps with the administration of estates undergoing the probate process. During probate, many people wonder what the executor of the estate will do during this legal process and what role they will play.
The executor plays a major role during the probate process, supported by the probate lawyer. Here are just a few duties an executor may take care of during probate:
- The first thing an executor will do is file the will with the probate court. This initiates the probate process and establishes the executor’s legal authority to act on behalf of the estate.
- The executor must then notify all beneficiaries named in the will and any potential creditors about the death of the estate’s creator. This ensures anyone with a vested interest in the estate is aware of the probate proceedings.
- The executor is responsible for safeguarding the estate’s assts, which includes everything from bank accounts to real estate. They must take an inventory of all assets and appraise their value.
- Before distributing any assets to beneficiaries, the executor must settle the deceased’s debts and pay any taxes owed. This includes final income taxes and any estate taxes due.
- Throughout the probate process, the executor must file various legal documents with the court. These documents may include the initial petition for probate, inventory and appraisal forms, and final accounting.
We can provide more information about what an executor does during probate and general information about the probate process. Contact our office today to speak with a probate lawyer.