Being Asked to Be an Executor - Revision history

Drew Jackson at 21:58, 21 March 2019

2019-03-21T21:58:33Z

← Older revision		Revision as of 21:58, 21 March 2019
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	== An executor’s role ends when the court formally discharges them ==		== An executor’s role ends when the court formally discharges them ==
	In general, it can take about one year to complete the work of executor for a straightforward estate. This is commonly referred to as the “executor’s year.”		[[File:Being an Executor - Contents3.jpg\|thumb\|275px\|right\| link=\| <span style="font-size:50%;">Image via www.istockphoto.com</span>]]In general, it can take about one year to complete the work of executor for a straightforward estate. This is commonly referred to as the “executor’s year.”

	That said, there is no strict time when the responsibilities of the executor are finished. The executor remains responsible for looking after the estate, even after the estate property has been distributed to the beneficiaries under the will. If assets or debts turn up years later, the executor will still be legally responsible for dealing with them.		That said, there is no strict time when the responsibilities of the executor are finished. The executor remains responsible for looking after the estate, even after the estate property has been distributed to the beneficiaries under the will. If assets or debts turn up years later, the executor will still be legally responsible for dealing with them.
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	== If you agree to being someone’s executor ==		== If you agree to being someone’s executor ==
	~~[[File:Being an Executor - Contents3.jpg\|thumb\|275px\|right\| link=\| <span style="font-size:50%;">Image via www.istockphoto.com</span>]]~~
	If you agree to act as an executor, make sure you have a current copy of the will. Keep it in a safe place where you can find it easily. And make sure you know where the ''original'' will is kept. Ask the will-maker to give you a list of all of their assets and debts. Down the road, your job will be easier if this list is kept up to date.		If you agree to act as an executor, make sure you have a current copy of the will. Keep it in a safe place where you can find it easily. And make sure you know where the ''original'' will is kept. Ask the will-maker to give you a list of all of their assets and debts. Down the road, your job will be easier if this list is kept up to date.

Drew Jackson: /* You don’t have to act as executor */

2019-03-21T21:54:27Z

You don’t have to act as executor

← Older revision		Revision as of 21:54, 21 March 2019
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	However, if you’ve already started dealing with any estate assets, you’re legally bound to continue until you are '''discharged''' of your duties by court order.		However, if you’ve already started dealing with any estate assets, you’re legally bound to continue until you are '''discharged''' of your duties by court order.

	Examples of dealing with an asset include paying debts or changing the insurance on a house. Doing these things is considered '''intermeddling''' with the estate, and you must continue administering the estate until the court discharges you of your responsibility.		Examples of dealing with an asset include paying debts or changing the insurance on a house. Doing these things is considered '''intermeddling''' with the estate, and you must continue administering the estate until the court discharges you of your responsibility.

	== If you decide to act as executor, you can get help ==		== If you decide to act as executor, you can get help ==

Drew Jackson: /* What the executor does */

2019-03-21T21:53:12Z

What the executor does

← Older revision		Revision as of 21:53, 21 March 2019
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	== What the executor does ==		== What the executor does ==
	[[File:Being an Executor - Contents1.jpg\|thumb\|275px\|right\| link=\| <span style="font-size:50%;">Image via www.istockphoto.com</span>]]When the person who ~~made the~~ will (the '''will-maker''') dies, their property and possessions form their '''estate'''. The executor administers the estate by locating all of the will-maker’s property, paying any debts, the funeral costs and taxes, and then distributing the rest of the estate according to the instructions in the will.		[[File:Being an Executor - Contents1.jpg\|thumb\|275px\|right\| link=\| <span style="font-size:50%;">Image via www.istockphoto.com</span>]]When the person who makes a will (the '''will-maker''') dies, their property and possessions form their '''estate'''. The executor administers the estate by locating all of the will-maker’s property, paying any debts, the funeral costs and taxes, and then distributing the rest of the estate according to the instructions in the will.

	== Being an executor can be a demanding job ==		== Being an executor can be a demanding job ==

Drew Jackson: /* An executor carries out the instructions in a will */

2019-03-21T21:52:01Z

An executor carries out the instructions in a will

← Older revision		Revision as of 21:52, 21 March 2019
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	An '''executor''' is the person named in a '''will''' to carry out the instructions in the will.		An '''executor''' is the person named in a '''will''' to carry out the instructions in the will.

	== An executor ~~carries out the instructions in a will~~ ==		== What the executor does ==
	[[File:Being an Executor - Contents1.jpg\|thumb\|275px\|right\| link=\| <span style="font-size:50%;">Image via www.istockphoto.com</span>]]When the person who made the will (the '''will-maker''') dies, their property and possessions form their '''estate'''. The executor administers the estate by locating all of the will-maker’s property, paying any debts, the funeral costs and taxes, and then distributing the rest of the estate according to the instructions in the will.		[[File:Being an Executor - Contents1.jpg\|thumb\|275px\|right\| link=\| <span style="font-size:50%;">Image via www.istockphoto.com</span>]]When the person who made the will (the '''will-maker''') dies, their property and possessions form their '''estate'''. The executor administers the estate by locating all of the will-maker’s property, paying any debts, the funeral costs and taxes, and then distributing the rest of the estate according to the instructions in the will.

	== Being an executor can be a demanding job ==		== Being an executor can be a demanding job ==

Drew Jackson at 21:45, 21 March 2019

2019-03-21T21:45:32Z

← Older revision		Revision as of 21:45, 21 March 2019
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	{{REVIEWEDPLS \| reviewer = [[Stephen Hsia\|Stephen Hsia]]\|date= March 2019}}{{Being an Executor TOC}}~~[[File:Being an Executor - Contents1~~.~~jpg\|thumb\|275px\|right\| link=\| <span style="font-size:50%;">Image via www.istockphoto.com</span>]]~~		{{REVIEWEDPLS \| reviewer = [[Stephen Hsia\|Stephen Hsia]]\|date= March 2019}}{{Being an Executor TOC}}
			An '''executor''' is the person named in a '''will''' to carry out the instructions in the will.

	== An executor carries out the instructions in a will ==		== An executor carries out the instructions in a will ==
	~~An '''executor''' is the person named in a '''will''' to carry out the instructions in the will~~. When the person who made the will (the '''will-maker''') dies, their property and possessions form their '''estate'''. The executor administers the estate by locating all of the will-maker’s property, paying any debts, the funeral costs and taxes, and then distributing the rest of the estate according to the instructions in the will.		[[File:Being an Executor - Contents1.jpg\|thumb\|275px\|right\| link=\| <span style="font-size:50%;">Image via www.istockphoto.com</span>]]When the person who made the will (the '''will-maker''') dies, their property and possessions form their '''estate'''. The executor administers the estate by locating all of the will-maker’s property, paying any debts, the funeral costs and taxes, and then distributing the rest of the estate according to the instructions in the will.

	== Being an executor can be a demanding job ==		== Being an executor can be a demanding job ==

Elena Renderos at 05:52, 21 March 2019

2019-03-21T05:52:44Z

← Older revision		Revision as of 05:52, 21 March 2019
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	== An executor carries out the instructions in a will ==		== An executor carries out the instructions in a will ==
	An executor is the person named in a will to carry out the instructions in the will. When the person who made the will (the '''will-maker''') dies, their property and possessions form their '''estate'''. The executor administers the estate by locating all of the will-maker’s property, paying any debts, the funeral costs and taxes, and then distributing the rest of the estate according to the instructions in the will.		An '''executor''' is the person named in a '''will''' to carry out the instructions in the will. When the person who made the will (the '''will-maker''') dies, their property and possessions form their '''estate'''. The executor administers the estate by locating all of the will-maker’s property, paying any debts, the funeral costs and taxes, and then distributing the rest of the estate according to the instructions in the will.

	== Being an executor can be a demanding job ==		== Being an executor can be a demanding job ==

Elena Renderos at 03:45, 21 March 2019

2019-03-21T03:45:21Z

← Older revision		Revision as of 03:45, 21 March 2019
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	== If you agree to being someone’s executor ==		== If you agree to being someone’s executor ==
			[[File:Being an Executor - Contents3.jpg\|thumb\|275px\|right\| link=\| <span style="font-size:50%;">Image via www.istockphoto.com</span>]]
	If you agree to act as an executor, make sure you have a current copy of the will. Keep it in a safe place where you can find it easily. And make sure you know where the ''original'' will is kept. Ask the will-maker to give you a list of all of their assets and debts. Down the road, your job will be easier if this list is kept up to date.		If you agree to act as an executor, make sure you have a current copy of the will. Keep it in a safe place where you can find it easily. And make sure you know where the ''original'' will is kept. Ask the will-maker to give you a list of all of their assets and debts. Down the road, your job will be easier if this list is kept up to date.

Elena Renderos at 03:43, 21 March 2019

2019-03-21T03:43:28Z

← Older revision		Revision as of 03:43, 21 March 2019
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	{{REVIEWEDPLS \| reviewer = [[Stephen Hsia\|Stephen Hsia]]\|date= March 2019}}{{Being an Executor TOC}}[[File:~~beinganexecutor~~-~~contents1~~.~~png~~\|thumb\|275px\|right\| link=\| <span style="font-size:50%;">Image via www.~~flickr~~.com</span>]]		{{REVIEWEDPLS \| reviewer = [[Stephen Hsia\|Stephen Hsia]]\|date= March 2019}}{{Being an Executor TOC}}[[File:Being an Executor - Contents1.jpg\|thumb\|275px\|right\| link=\| <span style="font-size:50%;">Image via www.istockphoto.com</span>]]

	== An executor carries out the instructions in a will ==		== An executor carries out the instructions in a will ==
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	== If you decide to act as executor, you can get help ==		== If you decide to act as executor, you can get help ==
			[[File:Being an Executor - Contents2.jpg\|thumb\|275px\|right\| link=\| <span style="font-size:50%;">Image via www.istockphoto.com</span>]]
	It takes time, energy, and careful attention to detail to be an executor. Many executors do the work themselves. However, you can get help from friends and family members.		It takes time, energy, and careful attention to detail to be an executor. Many executors do the work themselves. However, you can get help from friends and family members.

Elena Renderos at 03:38, 21 March 2019

2019-03-21T03:38:38Z

Show changes

Drew Jackson: /* If someone asks you, do you have to act as their executor? */

2017-04-25T18:28:50Z

If someone asks you, do you have to act as their executor?

← Older revision		Revision as of 18:28, 25 April 2017
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	== If someone asks you, do you have to act as their executor? ==		== If someone asks you, do you have to act as their executor? ==

	If someone asks you to be their executor and you don’t want to do the job, you can say no. You can also decline or [[Ten Steps to Being an Executor#What if I don't want to act as executor?\|'''renounce''' an appointment as executor]] after the person has died. However, if you have started dealing with any property of the estate, you are legally bound to continue, and you can only be relieved of being the executor by a court order after accounting for what you have done in the meantime.		If someone asks you to be their executor and you don’t want to do the job, you can say no. You can also decline or [[Ten Steps to Being an Executor#What if you don't want to act as executor?\|'''renounce''' an appointment as executor]] after the person has died. However, if you have started dealing with any property of the estate, you are legally bound to continue, and you can only be relieved of being the executor by a court order after accounting for what you have done in the meantime.

	== Does an executor get paid? ==		== Does an executor get paid? ==