What is an executor's duties?
An executor is a person appointed by a person to carry out their wishes after they have passed away. In North Carolina, the executor is responsible for handling the deceased person’s assets and distributing them accordingly to those who are named in the will. This means the executor must investigate the deceased person’s assets, debts and other financial obligations. The executor must also pay any debts and taxes owed on behalf of the deceased person. In addition, the executor must notify the beneficiaries of the estate, which could include family, friends, charities, and so on. The executor must also file an inventory of the estate and notify any creditors of the death. They must also file any necessary paperwork in the probate court and make sure all appropriate tax documents are filed. Finally, the executor is responsible for distributing the estate’s assets to the beneficiaries. They must make sure that this is done according to the wishes in the will, and in some cases, the executor may need to sell certain assets to do so. In any case, the executor is responsible for making sure that the assets are distributed according to the wishes of the deceased.
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