An Executor is an important part of your estate as a fiduciary who is in charge of collecting your assets, paying taxes and debts, and finally distributing your estate as you’ve set forth in your Will. There are many complexities involved in each person’s estate and Executors have many legal responsibilities and may be legally liable if they commingle or abscond with funds or distribute an estate before being authorized to do so by the court. The court considers an Executorship as a job and absent the Will stating otherwise, the Executor will be entitled to statutory commissions. You should choose an Executor whom you trust to carry out your wishes and to distribute your assets as set forth in your Will.
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