After a death, loved ones and others are tasked with dealing with estate assets and handling other important matters. The administration of a Tennessee estate can be a difficult process, especially in situations where there are disputes or confusion. This is why one should put careful consideration into who is named executor of an estate. This individual will oversee the entire process of settling and closing the estate.
What does the executor do?
Being named as the executor of an estate is an honor, but it is also an immense responsibility. The executor must meet certain requirements and ensure that the distribution of assets goes according to the terms of the deceased’s will. This individual will obtain the death certificate and file the appropriate papers with the court. After this, it will be necessary to do an inventory of all estate assets.
In addition to knowing what property is in the estate, the executor will have to oversee its security and upkeep. For example, a home will need regular lawn maintenance after the owner passes away until it is sold or occupied again. The executor will be responsible for paying off remaining debts and taxes associated with the estate, and eventually will oversee the distribution of estate assets to heirs and beneficiaries.
Help at every step
There is significant benefit to having assistance and support when administering an estate. An executor or other interested parties may find it helpful to have the guidance of an experienced Tennessee estate law attorney at every step. This allows one to protect his or her own interests and avoid setbacks during the administration and probate process.
