Executor Responsibilities – Executor of Will – Three Major Categories of Duties

When someone dies, there are always things that need to be taken care of. If the person left an organized will and designated a specific Executor of Will, these duties can usually be cared for in a timely manner. The executor of a will can also be called the personal representative of the deceased. Their job is to carry out the wishes of the deceased, which are outlined in the will. However, there are added executor responsibilities, which come up after the death of someone. These usually fall into three main categories: protection and notification, taxes and liabilities, and distribution of assets.
First, it falls within the executor responsibilities to protect the assets while the estate is being distributed. This can include getting locks changed, providing additional insurance, and locating specific items like safety deposit boxes and keys. The executor of will may also have to notify insurance companies of the death. This includes life insurance, as well as insurance on properties belonging to the deceased. If a person dies intestate (without a will), the probate court in most states will determine who the executor will be and will make some notifications. In these cases, the probate laws also determine who gets the assets left behind.

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