What are the duties of an executor?
In California, an executor is responsible for administering a deceased person’s estate. This includes gathering the deceased person’s assets and property, notifying creditors, and paying out debts. The executor must also file taxes on behalf of the deceased, if applicable. In addition, the executor is responsible for distributing the remaining assets and property to the heirs in accordance with the deceased person’s will. In cases where the deceased did not leave a will, the executor is responsible for ensuring that the property is distributed to the heirs according to California inheritance law. The executor may also be required to purchase life insurance to cover the costs of debt payments and estate taxes. They must be able to provide a valid inventory and accounting of the deceased person’s assets and property. The executor is also responsible for filing all necessary documents with the court. This can include a petition for probate, final tax returns, and closing the estate. Finally, the executor has the responsibility of handling any other legal matters that may arise during the course of the probate process. This can include providing the court with additional documents or information, dealing with potential disputes among the heirs, and ensuring that the assets and property are handled according to the deceased person’s wishes.
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