JD Supra: “Being asked to act as an executor for a friend or family member’s estate can be flattering. But it can also mean a lot of work, and potential legal liabilities if you don’t do the job right.
For your reference, five things you should know – before you say “yes” – about the role of executor:
1. What does an executor do, exactly?
“The tasks that an Executor must accomplish to handle the estate administration process include finding and controlling all of the assets of the decedent, paying any debts, taxes and claims against the decedent’s estate, and distributing the balance of the estate to the appropriate persons.” (The Executor – An Estate’s Representative by Dinsmore & Shohl LLP)”