If you are facing any of these concerns, then please keep reading.
Over the last two decades, we have helped numerous clients avoid feeling completely overwhelmed by showing them the steps needed to successfully fulfill their role as executor. If you are considering serving as Executor, there are three steps that you can take before accepting your appointment which will decrease your potential for liability.
Getting the Right Advice
The most important step you can take is to seek the appropriate help in serving as executor. You have every right (as a proper expense of the estate) to hire an attorney to help you. The right person will take the complexity out of the duties of being an executor which, in turn, will reduce your fears, stress, and liability.
Simplifying the Process Whenever Possible
There are times when someone named as executor does not need to actually serve in that role in order to distribute the estate’s assets. Many times a decedent dies with very few assets over which the executor needs to assert authority. I have found that by doing some due diligence, prior to officially accepting the role of executor, there have been a number of situations where no one actually needed to serve as executor – saving the estate thousands of dollars in costs.