When someone creates a will, they typically name someone to serve as the executor of the will. This person will be responsible for a wide range of duties, and he or she is often assigned this role because the decedent trusted and respected this person.
However, this role places a lot of demands on the executor that people may not realize or be prepared for. For instance, if you have been named as the executor of someone's estate, you may be overwhelmed by your fiduciary duties and legal obligations.
An executor will be tasked with the following responsibilities:
- Filing legal paperwork
- Tracking down heirs
- Managing assets to administer the estate
- Coordinate and pay taxes
- Attend court hearings
- Making sure the estate is administered in accordance with the decedent's wishes
These can be incredibly complicated responsibilities for a person without a legal background or the time to spend managing someone else's assets. In many cases, an executor struggles enormously to manage these obligations on their own.
Thankfully, you don't have to do it alone if you are named as the executor of someone else's estate. The attorneys at our Miami law firm have the knowledge and experience others do not when it comes to various estate administration tasks, and we provide clients with guidance and support during this complicated time.
If you have questions or concerns about administering an estate (or naming an executor), please visit our website to learn more about our firm, our services and our approach to settling estates.