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What is the role of an estate executor?

A:

Quick Answer

An estate executor is the person designated to deal with a deceased person's affairs and to facilitate the distribution of assets to beneficiaries. Primary responsibilities center on organizing all financial asset details, selling homes and any other property, and communicating with heirs.

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Full Answer

From a legal standpoint, an executor files the deceased person's will in line with local court requirements. In some cases, probate is required. Probate is a period of time during which other parties can make legal claims against the estate. In tying up the deceased person's affairs, the executor sets up a bank account, pays any debts and expenses, closes non-essential accounts, pays taxes and collects any income due to the estate.

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