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What does an estate executor do?

On Behalf of | Mar 24, 2022 | Estate Administration & Probate, Estate Planning |

Planning your estate in Maryland doesn’t need to be a logistical nightmare. You can establish plans to make sure your loved ones are provided for. One of the most important details will be naming an executor. This is the person who will be responsible for carrying out all of your wishes after you have passed.

What details does an estate executor handle?

There are many details associated with estate administration that need to be taken care of in an efficient and timely manner. These are the matters that the person you designate as an executor will be required to take care of. All of these details will be related to the act of carrying out your final wishes referred to in your last will.

The length of time that a person needs to serve as an executor may vary. In general, they will be responsible for representing your estate until probate is finally complete. This is a process that may take months or a number of years if someone steps forward to contest your will.

What duties is an executor expected to perform?

Planning your estate involves making sure that the person you name as your executor is competent to do the job. This is crucial because if you don’t leave a will, the court will declare you intestate. They will then step in to divide your estate in the way that they see fit.

The executor you appoint will monitor and supervise your estate. They must protect your assets while paying out all of the associated debts and taxes. Your executor will also handle the transferring of assets to your heirs. Their duty ends when the estate is completely paid out in full.