Being named by a loved one as an Executor or Trustee of their estate is a great honor, but it can also be a daunting responsibility. Here's a great article that I came across that was put out by the American Bar Association that does a really nice job of explaining not only the different terminology that you're likely to encounter when serving as an Executor or Trustee, but also the many tasks and fiduciary responsibilities that you will have as well. Take a look, I think you'll find the article to be extremely helpful and informative as you begin your journey through the probate estate and trust administration process.
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If you've recently lost a loved one and are about to take on the responsibilities of serving as the Executor or Trustee of their estate, do yourself a favor and get trusted and experienced legal assistance from the start. We'll be happy to provide you with a comprehensive free legal consultation and we provide most of our Estate and Trust Administration services on a flat fee basis. Give us a call today to schedule your free legal consultation or visit our law firm online. You'll be glad you did.