What is the role of an executor in an intestate estate?
In Minnesota, an executor plays an important role in an intestate estate, which is when a person dies without a valid will in place. The executor’s main job is to oversee distributions of the deceased’s assets. This involves the executor opening the estate at the county office, collecting any assets that are due to the estate, and ensuring that any due debts or taxes are settled. The executor will also be responsible for ensuring that any inheritances are paid out according to the intestate law, which covers what happens to the estate if someone dies without leaving a valid will. Under the intestate law, this might involve the executor distributing assets and property to the surviving spouse and any children, siblings or parents of the deceased. The executor is also responsible for ensuring that the right people are notified of the deceased’s death. This includes filing a notice of death with the Social Security Administration and any other organizations that need to be notified. The executor should also let all known family members and other interested parties know that the deceased has passed away and what arrangements are being made with their estate. Finally, the executor must ensure that all legal paperwork is filled out and filed correctly. This includes submitting the necessary documents to the court in order to settle the estate, such as a petition for a grant of letters of administration. The executor should also keep all relevant parties informed throughout the process and track payments to ensure that everyone receives what they’re owed.
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