What is the role of an executor in an intestate estate?
An executor is an important part of the intestate succession process in Michigan. An executor is a person, usually appointed by the court, who is responsible for managing the assets and debts of a deceased person who passed away without a will. The executor is responsible for ensuring the deceased’s debts and taxes are paid, and the remaining assets are distributed according to the intestate succession laws in Michigan. Generally speaking, the assets are divided among the deceased’s children, spouse, and other relatives. The executor is required to file inventories with the probate court and notify all creditors of the deceased’s death. The executor must also appear at court as needed to report on the status of the estate. It is the executor’s responsibility to ensure all the deceased’s assets are distributed appropriately and in accordance with the intestate succession laws. In addition, the executor is also responsible for ensuring the estate’s taxes are paid in a timely manner and collecting any debts that are owed to the estate. It is the executor’s duty to follow state and federal law in order to ensure the estate is properly managed. The executor plays a crucial role in the intestate succession process and is responsible for ensuring that the deceased’s wishes are carried out. It is important to hire an experienced professional to ensure that everything is handled correctly.
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