Executors are responsible for making sure the deceased person's wishes are carried out and that the estate is wrapped up. An executor's duties include applying for probate, paying taxes and bills, managing the deceased person's property, distributing assets to the estate’s beneficiaries, and filing a final accounting with the court. You are not required to hire an attorney to assist you with these tasks, but mistakes can cost you money. You may be personally liable if something goes wrong with the estate or the payment of taxes. An attorney can help you make sure all the proper steps are taken and deadlines met.
The amount of time involved in being an executor varies with the size of the estate, but the duties involved need to be taken very seriously. Also, the executor is entitled to compensation, subject to approval by the court.
Berger Estate & Elder Law, P.A. has been serving Kansas City for over 30 years -- providing Trusted Council with Proactive Solutions. Call us today at (913) 491-6332, visit our website berger-lawfirm.com, or stop by our conveniently located offices at 11233 Nall, Suite 140, Leawood, KS 66211 for more information.