What does the executor of a will do in Pennsylvania?

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When you are creating a will, there are many important considerations you must make. This includes how you want assets handled, how you would like to distribute them, and who you would like to be responsible for managing your estate. Naming the executor of a will is often one of the most important things you must do, as this person is responsible for administering your assets and estate upon your passing. If you’re unsure what duties this entails or what to consider when making this decision, you’ll want to connect with PA wills, trusts & estates attorneys to explore your options.

What are the responsibilities of the executor of a will?

Generally, executors have several obligations they must fulfill on your behalf after your passing.

To begin, the executor must begin by filing your will through the courts. If necessary, probate will begin. This is the process by which the court validates the will left behind. Once approved, the executor must begin handling the financial matters of the deceased, like paying debts or taxes. After paying the outstanding obligations, the executor can begin distributing assets to the beneficiaries, as dictated by the will.

It’s important to understand that when waiting to distribute assets to beneficiaries, the executor must continue managing the properties and assets. This includes paying property taxes or loans from the estate and performing necessary maintenance on real estate or vehicles.

In addition, if there are disputes from beneficiaries about how assets are handled or distributed, the executor is responsible for handling these matters.

What should I consider when naming someone for this role?

When creating a will, determining who will serve as your executor is one of the most important decisions you must make. Generally, there are no requirements about who can be your executor in Pennsylvania, aside from the fact the person you name must be 18 and of sound mind when creating your will.

Though you can name virtually anyone to serve doesn’t mean you should name just anyone. Unfortunately, if you choose someone irresponsible it can have detrimental impacts on the administration of your estate. As a result, your beneficiaries might not receive the assets you intended to leave them.

It’s imperative to choose someone responsible, trustworthy, and who you know can handle the complexities of this matter. Additionally, you should consider naming an alternative option in case the person you have named cannot assume the role upon your passing.

When you’re ready to create your will, connecting with an experienced attorney is in your best interest. Not only can they help ensure your estate plan is valid and legally binding, but they can also help guide you through the process of naming an executor. As such, it’s imperative to connect with the team at Friedman Schuman. We understand how important it is to ensure your wishes are met upon your passing, which is why we are proud to help you through these matters. Contact our firm today to learn how we can help you through these challenging times.

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