What are the duties of an executor?

An executor, also known as a personal representative, is a person appointed by a will to take charge of the estate of a deceased person in the state of Indiana. It is the executor’s duty to ensure that the deceased’s wishes are carried out in accordance with the laws of Indiana. The executor hears claims against the estate and takes the necessary steps to settle them. He or she must also collect, protect, and invest all assets belonging to the estate. Furthermore, the executor must pay all debts of the decedent and file any necessary tax returns. The duties of an executor also include distributing the assets of the estate as specified in the will and managing all expenses related to the estate. In addition, they must keep track of all expenses related to the estate such as payments to creditors, funeral expenses, and others. The executor must also account for any income from the estate, such as rent, interest, or dividends. The executor will also typically be responsible for filing the will with the probate court, where the will will be reviewed by the court to determine its legal validity. The court can then appoint the executor to manage the estate according to the instructions in the will. The executor should also be familiar with the laws of the state of Indiana surrounding probate and estate administration. Finally, the executor must manage the distribution of the estate according to the will and ensure that all heirs receive their designated portion. He or she must also manage any disputes that may arise between heirs and other parties related to the estate. The executor can also be held liable for any errors or omissions when carrying out these duties.

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What are the duties of an executor?

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