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Difference between revisions of "Choosing an Executor"
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{{REVIEWEDPLS | reviewer = [[Stephen Hsia|Stephen Hsia]]|date= January 2019}}{{Writing Your Will TOC}} | {{REVIEWEDPLS | reviewer = [[Stephen Hsia|Stephen Hsia]]|date= January 2019}}{{Writing Your Will TOC}} | ||
The '''executor''' is the person you name to carry out the instructions in your will. They locate all of your property, pay any debts and funeral costs, prepare the final tax return, and distribute the rest of the estate as the will specifies. | |||
Your executor may need to '''probate''' the will. This is a legal process that confirms the will is legally valid. To apply for probate, the executor needs to submit the will and certain forms to court. If everything’s in order, the court issues a grant to the executor. Now the executor can legally deal with the estate assets. | |||
Estates that involve a small amount of money (under $25,000) may not need to go through probate. It’s up to the outside parties who hold your assets (such as a bank) whether they’ll give the executor those assets without a grant. | |||
== What are the executor's responsibilities? == | == What are the executor's responsibilities? == | ||
