When a loved one or family member asks a Pennsylvania resident to become the executor of their estate, it is natural to feel honored at the request. If the testator is near death, then there is an even more pressing need to agree and ease their stress. However, it's important to know that being an executor is a difficult role and one should know what they are getting into before agreeing.
Being appointed the executor of a loved one's estate is an honor. However, it can also cause confusion, especially if one does not have any experience in estate administration in Pennsylvania. It can be intimidating, to say the least. Essentially, though, the executor of a will has the duty of ensuring that the deceased's debts are paid and that the remainder of the deceased's estate is passed on per the deceased's will. This post will provide a brief overview of these duties.
Losing a loved one is an emotional process. When people are grieving, they may not initially be thinking of what will happen to their loved one's assets. However, there are legalities that must be followed with regards to the distribution of the deceased's assets.