Have You Been Named Executor?
While preparing an estate plan, you may be the person selected as an Executor they are confident can carry out the provisions of their Last Will and advance their wishes with respect to the beneficiaries of their estate. Having an attorney's support to see you through this appointment is vital and on your option can be helpful. When the Will is submitted to Probate, the Executor is named.
The primary duty of the executor is to gather the properties of the decedent, conclude their affairs, settle all taxes, debts and claims and, ultimately, distribute the net estate as per the instructions in the will. Although this might sound simple, there are many nuances involved in each estate and an executor in the state of New York has several legal duties relating to the settlement of a decedent.