Being the Estate Executor is Complex, so Let’s Look at Common Steps and Responsibilities to Fulfill

The executor of the estate is an essential part of laying someone to rest. This title comes with many duties they must fulfill, including scheduling the cremation services in Pace, FL. Understanding where to get started is critical, so we have a list of common responsibilities of the executor.

What Does the Executor Do?

The executor will have several vital duties to fulfill, and the larger the estate, the more responsibilities will be completed. This is why it’s critical to have as much information as possible because you will need to provide organized information for the probate process. So if you are choosing someone as an executor, be sure to provide as much reference as possible for the individual, including the location of paperwork, assets, or any other information.

Get the Proper Documents

The executor must find and file specific documentation, including the will and the death certificate. In most cases, you will need the original copy of the will, so if you are having difficulty locating it, reach out to a lawyer because they can help you draft one. Once the individual has passed away, the documents need to be filed with the probate court within a few days of the death.

Let Others Know

The executor must also notify others of the loss, including agencies. A few examples are:

• Heirs and beneficiaries
• Insurance companies
• Social Security Administration
• Medicare
• Credit agencies
• Religious organizations

Pay Off Debts

Once you notify agencies around the individuals passing, you’ll likely encounter creditors to whom they will still owe money. You will need to pay off immediate debts, and the funding in the estate will be used to cover any funeral expenses. You will also need to file estate and income taxes for the individual and any other specific tax requirements.

Distribute the Assets

Allocating assets is one of the biggest steps in the process. So, while managing and locating assets, keep a detailed and clear record of all items because you may have to provide this to the probate court. This will also help you understand what’s available for distribution, especially if there are errors.

You may also need to keep the assets protected from family members or friends until all debts are paid. Once it’s clear to distribute to the beneficiaries, you need to follow any instructions in the will, and if there is no will, your state will have specific rules and guidance on how the assets need to be distributed.

Close the Estate

When the distribution is completed and any taxes or debts are covered, you will create a final accounting of all steps taken. The court will approve this, and once the estate is closed, your responsibilities as the executor are completed.

We are Here to Help You Through the Process

Being an executor is essential, and if you need support scheduling the cremation services in Pace, FL, our team is here to help. We have been providing professional and exceptional services since 1965 and would love to help you through the process, so contact us today to get started.