Difference between revisions of "Ten Steps to Being an Executor"
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Once you understand the terms of the will, it is important to communicate with the beneficiaries. Although it’s not mandatory to hold a meeting with the beneficiaries, doing so allows you to: | Once you understand the terms of the will, it is important to communicate with the beneficiaries. Although it’s not mandatory to hold a meeting with the beneficiaries, doing so allows you to: | ||
review the terms of the will and explain next steps, | * review the terms of the will and explain next steps, | ||
* set expectations around timelines for administering the estate and distributing the assets, | * set expectations around timelines for administering the estate and distributing the assets, | ||
* discuss the different duties and liabilities of the executor, | * discuss the different duties and liabilities of the executor, | ||