Full question:
My mother named me as executrix of her estate. Can anyone else take care of any duties of her estate?
- Category: Wills and Estates
- Subcategory: Probate
- Date:
- State: North Carolina
Answer:
A personal representative, known as an executor or executrix, is responsible for managing the decedent's estate and is accountable to the courts. While the executrix has primary responsibility, others can assist with various duties. These duties include:
- Determining and inventorying the decedent's assets.
- Valuing the assets as needed.
- Opening a bank account for estate transactions.
- Collecting payments due to the estate, like insurance dividends and salaries.
- Contacting insurers regarding any policies that need to be paid out.
- Checking with the decedent's employer for any unpaid salary or benefits.
- Managing any legal actions involving the decedent at the time of death.
- Distributing assets according to the decedent's wishes.
- Notifying creditors of the decedent's death and handling claims against the estate.
- Paying valid claims, including funeral expenses and taxes.
- Informing relevant authorities about the death.
- Maintaining the decedent's assets until they are distributed.
Although the executrix is in charge, they can delegate tasks to professionals like accountants and lawyers to help manage the estate effectively.
This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.