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What is your role as an estate administrator?

If you have recently lost a close friend or loved one, you may be dealing with a host of emotions stemming from the loss. You may have even more emotions if you discover that your passed loved one named you as the estate administrator or executor to the will. As the estate executor, there are a myriad of tasks you are responsible for in settling the terms of the estate and ensuring that the deceased’s property is properly distributed to the beneficiaries named in the will.

As the executor, you may have to take the estate through the probate process. First, you must obtain important documents, such as the death certificate and life insurance policies. You may need to notify the life insurance policies of the passing in order to obtain the benefits of the policy. Second, you must gather the property and assets in the estate and have them evaluated and appraised. It is important to get a value of the estate and know its worth. From that money, you may be required to pay off an extenuating expenses, funeral expenses, debt, taxes and other bills owed by the deceased. During this time, you are responsible for protecting the estate and ensuring no damage happens to the property.

Finally, once the expenses and evaluations are accomplished, you can distribute the property to the beneficiaries named in the deceased’s will. You may need to locate and contact these beneficiaries.

This information is intended to educate and should not be taken as legal advice.

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