Do you want to be named as an executor of a family member or close friend’s estate?
It is an honor, but one that comes with a lot of responsibilities, says a story on the ustrust.com web site.
The responsibilities:
- Balancing the interests of beneficiaries.
- Complete extensive paperwork.
- Review and probate the will.
- Identify assets.
- Prepare and file taxes.
- Pay debts.
- Distribute the assets.
- Develop tax and investment plans.
It may be more than you can handle, but the story notes you can name co-executors to help you. Or you can name an agent you provide assistance.
If you have questions about estate planning, feel free to call us for a consultation at (626) 696-3145.
