![]() Taxes will include estate taxes and income taxes. You need to make sure the tax forms are filed within the time frame set under the law. Other debts include probate and administration fees and taxes as well as any valid claims filed by creditors. The estate usually pays any reasonable funeral expenses first. The executor is not personally liable for deceased's debts. Once the creditors are determined, you will need to pay the deceased's debts from the estate's funds. In addition, if the estate includes a business, you may have to make sure the business continues to run. You will also need to hire an appraiser to find out how much any property is worth. One of the executor's jobs is to protect the property from loss, so you will need to assure the property is kept safe. You will need to prepare a list of the deceased's assets and liabilities, and you may need to collect any property in the hands of other people. In addition, you will have to place an advertisement for potential creditors in a newspaper near where the deceased lived. Notify the beneficiaries of the will, if there is a will, as well as any potential heirs (such as children, siblings, or parents who may or may not be named in a will). ![]() This will officially begin your work as the executor. If there is no will, you will receive letters of administration. If there is a will, the court will grant you letters testamentary. ![]() An attorney can help you make sure all the proper steps are taken and deadlines met. You may be personally liable if something goes wrong with the estate or the payment of taxes. You are not required to hire an attorney, but mistakes can cost you money. You will also need to get a copy of the death certificate. If all you have is a copy of the will, you may need to get the original from the lawyer who drafted it. If there is a will, but you don't already know where the will is or the will hasn't already been brought to court, you may need to find it among the deceased's belongings. Following are some of the duties you may have to perform as executor: The average estate administration takes one year, though you won't need to work full time on it. ![]()
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