The Responsibilities of an Executor of the Will

The role of an Executor of a Will is is a very important role and should always be entrusted on someone that you trust and will have the capacity to carry out the role at the appropriate time. 

Here we look at seven key areas of responsibility of an Executor Of Will 

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1. The executor (Executor Of Will)  must ensure that all the properties, estates and accounts are protected. Arranging for insurance may also be applicable as long as you are sure that the properties are well protected.

2. Locate all properties, assets and accounts and make sure all are well accounted for.

3. Provide a lawyer and a accountant (if necessary) to help you in disposing the assets to the beneficiaries.

4. All life insurances that the deceased person had must be notified and a certified death certificate must be sent to them. The insurance companies must be requested to pay the amount to the beneficiaries.

5. All insurances for the houses and cars must be notified of the death too. Also ensure that the insurances are well maintained. Make a list of all the assets which might include stocks in the market, bonds, pensions, bank accounts, investments, bonuses in the salary, insurance from work and all benefits for the spouse should also be accounted for.

6. Make a list of all the debts and make sure to settle all of them.

7. Once all the debts and assets are accounted for, you can then proceed with distribution of the properties in accordance to the will and laws that applies to the will."

It is evident that the role of Executor of Will is a very important role. It is therefor imperative that you choose with great care.

To find out more about Will Writing services and also advice on appointing an executor of will visit Divine Connection's Website 

Source : Article Source: http://EzineArticles.com/?expert=Lam_Seina

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Additional Resources
What You Need To Know As A Will Executor
How To Select A Last Will Executor