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McCurrie McCurrie
& McCurrie, L.L.C.

680 Kearny Avenue
Kearny, NJ 07032-3010
Phone: (201) 467-4180
Fax: (201) 997-9567
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What are the duties of an executor?

The primary job of an executor is to oversee the disposition of a person's last will and testament. The executor not only has the responsibility of working to ensure that a person's last wishes are fulfilled in regards to how the person wanted their possessions and property distributed, but the executor also has the duty of dealing with creditors and making certain that all debts are paid off.

Interestingly, the executor does not have to be a lawyer or other type of legal expert. They also do not have to have a lot of financial expertise. The law does require, however, that those who work to fulfill their duties as an executor do so with diligence and the utmost honesty. This is known as performing a "fiduciary duty."

While you may think that an executor should be entitled to some form of payment or at least some of the proceeds from the sale of property in an estate, this is not actually true. In most cases, the executor is only entitled to a fee from the estate as his or her compensation for being the administer of the will. This fee is typically determined by either the size or complexity of the will.

In addition to overseeing the disposition of the estate, an executor may be responsible for locating the people named in the will who are named as the person's heirs. They will generally determine whether it is necessary to probate the will and if so, what court it should be probated in. Executors also generally have the task of making sure that the person's final income taxes are paid and notifying banks and other entities, such as the Social Security Administration that the person is deceased.

Individuals who are facing P may find it beneficial to work with an experienced New Jersey attorney.

Source: FindLaw, "What Does an Executor Do?" Jan. 08, 2015

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