What is an executor?

An executor is someone who is appointed in a will to take responsibility for the administration and distribution of a deceased person’s estate. The executor is tasked with executing the planned distribution according to the deceased person’s wishes and state law. In North Carolina, if a person dies with a will, then the will usually names the executor. If there is no named executor or if the named executor is unable to serve, the court may appoint an executor. The executor has an important job. They are responsible for notifying beneficiaries, collecting the deceased person’s assets, paying debts, filing taxes, and distributing the assets according to the will or state intestacy laws. The executor must act in good faith and fulfill their duties in a timely and organized manner. The executor must also be a resident of North Carolina, and be at least 18 years of age. They are typically reimbursed for their out-of-pocket expenses. The executor may also be eligible for a commission based on the size of the estate. In some situations, hiring an experienced attorney may be beneficial to ensure the executor’s duties are carried out correctly and to provide guidance. An attorney can explain the process and provide legal advice. They can also help ensure the executor is properly compensated for their efforts.

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