We have been there.
Lost a loved one and in the midst of that grief needed to deal with all of the stuff that happens at a time when we are least able to handle it. In fact, it is not unusual that you are so consume with actions done on the behalf of the estate that you forget to mourn the passing of someone you loved and respected. You might even appear heartless because if you remember the special times then you might get lost in the rabbit hole of those memories at a time when giving a voice to the voiceless is the most important job at hand.
When a loved one dies and you have been appointed the Executor you need to know the reason you were appointed Executor is because the departed has the utmost faith in you and your abilities to get the job done.
So what duties are required of an Executor? Below are the ten steps to success. Although within each step are several sub steps
- Assist the family in the funeral preparations
- Complete the necessary paperwork and file them.
- Protect the hard assets
- Protect the financial assets
- Update beneficiaries in order to remain transparent
- Complete the probate process
- What to do while you wait
- Sell the assets of the estate
- Pay all debts
- Final distribution of all funds
- Get paid! You deserve it