What to do if You're Named an Executor in a Will

Dealing with the loss of a loved one can be immensely difficult and the experience can be even more challenging if you’re named as the executor of their will. Being the executor is an important task and you shouldn’t take on the role lightly. You will be responsible for fulfilling the final wishes of a deceased loved one and you must have a clear understanding of what the role will involve. With that in mind, here are the key things you need to do if you’re named an executor in a will. 

Find a copy of the will 

When you are appointed as an executor, your first task should be to get hold of a copy of your deceased loved one’s will. You may have to go through their belongings to find the document. Most people keep their will stored in a secure location such as a filing cabinet or a safe. If the will you have is a copy, then you may need to obtain the original by contacting the lawyer who drafted it. You will then need to register the will with the court and start the probate process. You may also need to obtain a grant of probate from the court. 

Hire a probate attorney 

You are not legally required to hire a probate attorney when you are acting as an executor of a will. However, it is advisable that you seek specialist legal advice, particularly if you have never been an executor before. Without an attorney, you may be personally liable if you make any mistakes or miss deadlines while dealing with the estate. An attorney will explain the probate process to you and ensure that you meet your responsibilities and duties as an executor. 

Contact the beneficiaries 

As the executor, you will need to contact any beneficiaries to notify them of the will. You may also need to contact potential heirs such as children or grandchildren of the deceased. Keep in mind that any liabilities must be cleared before the estate can be distributed between the beneficiaries. 

Make a list of assets and liabilities 

You will need to make a list of your deceased loved one’s assets and calculate the value of the estate. The main assets of an estate tend to be property, cash, and businesses. As the executor, you have a responsibility to ensure that the estate is protected financially. So, you will need to make sure that any property is well-maintained and that any businesses continue to run efficiently. Any outstanding liabilities such as debts must also be repaid before the estate is distributed. In most cases, the estate will also need to cover funeral costs and any other legal expenses. 

Keep accurate records 

When you are acting as an executor, you must keep clear and accurate records of everything that you do. Create a folder where you can store all documents relating to the probate process. Make sure that these documents are organized in a way that they can be accessed quickly and easily.