What is an executor's responsibilities?

An executor is someone appointed by a court to carry out the terms of a deceased person’s will. In Virginia specifically, an executor is referred to as a personal representative. The executor’s primary responsibility is to handle the estate of the deceased individual. This includes identifying and gathering any assets, paying any debts and taxes, and distributing the remaining assets according to the decedent’s wishes. The executor must also submit an inventory of the decedent’s assets to the court. This document will be used to assess the value of the estate and to ensure all taxes and debts are paid. The executor may also be responsible for filing any necessary tax returns. The executor must follow the instructions of the will and abide by Virginia probate law. This means they must ensure the assets are distributed according to the will’s instructions, including any gifts or bequests that may go to family members or charities. They must also keep track of all estate expenses, as well as any legal fees associated with the probate process. Finally, the executor may have to make decisions about the assets of the estate during the probate process. This could include selling assets to pay off debts, or investing assets to generate income for beneficiaries. It’s important that the executor complies with all laws and regulations when making decisions about the estate.

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What is an executor's responsibilities?

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