Being named as the Executor/Executrix of a loved one's estate is a great honor, but it's also a great responsibility. Usually the first question we get from a client who is about to enter into the probate estate administration process is, "what do I actually have to do?" Well, the short answer is, a lot of different things. However, what the Executor's duties boil down to is the gathering and marshaling of the deceased person's assets, the resolution of their outstanding debts and liabilities and the ultimate distribution of the net proceeds of the estate to the intended heirs and designated beneficiaries.
Here's a nice article that I came across in Forbes Magazine that does a nice job of outlining in further detail some of the many responsibilities and duties of an Executor.
Remember, the estate administration process is a time-sensitive, paperwork laden one. Getting off to the right start can make all the difference in terms of how smoothly the process will go. American Wills & Estates is a locally founded, owned and operated late firm that has been assisting clients in Pittsburgh and throughout Western Pennsylvania with all aspects of the estate administration process with competency, compassion and care for over 25 years. If you're are about to become the executor or administrator of a loved one's estate and are not sure where to turn for trusted and experienced legal assistance, give us a call today at (412) 381-7370 or visit our law firm online at http://www.americanwillsandestates.com You'll be glad you did.