Role And Responsibilities Of An Executor

Serving as the executor of a deceased person’s estate is a significant responsibility. As the executor, you are in charge of managing the estate’s assets, settling outstanding debts and ensuring the deceased’s wishes for disbursing the estate are fulfilled. Fortunately, you have the option of working with an attorney to make this process smoother and less mysterious.

At Batson Nolan PLC, we offer valuable support to executors in Clarksville and Springfield. Our team of Tennessee estate administration attorneys is dedicated to guiding you through each step. Since 1860, we have built our reputation on trust and integrity. Practicing in both Tennessee and Kentucky, we offer a wide range of legal services to individuals and business owners, including estate administration representation.

Duties Of An Executor In Tennessee

Executors in Clarksville have various responsibilities. Typically, an executor must file a petition for probate to validate the will. This process varies depending on the estate’s size and assets. If there is no will, a probate court appoints an administrator.

Key tasks during probate include arranging funeral payments, collecting death certificates and handling government benefits. Executors must file necessary tax returns and protect estate assets for the benefit of the beneficiaries or heirs. This involves securing property, paying expenses and managing investments. Executors also inventory, appraise and liquidate property as needed. They must notify creditors, pay debts and distribute assets according to the will.

Executors have a fiduciary duty to act in the estate’s best interest. This means that if an heir or other party accuses you of mismanaging assets or embezzling from them, you could be held personally liable.

Choosing The Right Executor

In Tennessee, any adult can serve as an executor unless they’ve served prison time or are a non-related judge. Choose someone reliable and experienced with complex finances. Consider their willingness and likelihood of being alive and competent when needed. While many people name their spouse or adult child in their will, you can also select a professional, such as an attorney.

Turn To Us For Help Settling A Loved One’s Estate

For those serving as executors in Clarksville, Springfield or anywhere else in the state, our Tennessee estate administration attorneys are ready to assist. Schedule a consultation to discuss how we can support you. Call 931-650-5484.