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When someone passes away, often there is someone named as their estate's executor. Being named the executor of (or a personal representative to) someone's estate is a serious matter, and one has to be accountable for all of the assets in a decedent's estate. Most often, being named an executor (when you're male, or an executrix when you are a lady) is not surprising; usually one gets chosen and accepts the role, long before the date of the passing of the decedent. Most often, executor paperwork is notarized. My articles are my opinions and are not, legal advice. I'm a judgment recovery referral professional, and not an attorney. If you ever need legal advice or a strategy to use, you should retain a lawyer. While you might receive and earn money or get some compensation for being an executor and working on an estate, the money and assets in the estate isn't yours. If you spent or used assets from the estate, without first having written permission from all those named as a beneficiary in the estate and the court documents, you can expect serious legal trouble, including a possibility of going to jail; so don't have a party with any funds which aren't yours. While some executors must post bonds, if you're well-known and trusted, getting chosen and working as the executor to an estate will not require you to buy a bond. With a judge's order, you may be paid fees out of a estate of the deceased. Working as an executor has many responsibilities including the security of all the deceased's assets, determining who are the heirs, and satisfying the debts of the estate, including judgments. Working as the executor, be certain that you comply with all laws, whatever the judge orders, and the instructions listed in the decedent's estate plan directions or will. Don't ignore the court's or a judge's order. Remain polite to everyone, particularly in court. Certain relatives may want something that belonged to the person who died. Some relatives might claim they are entitled to an asset, contrary to that listed in a estate plan or will. Anything of imagined or actual significant value should get moved out of the estate, only after first having the permission of all the heirs and the court. Expensive assets might have to get sold by auction. The deceased's assets needs to be be protected until it is sold or transferred. Unless the estate is simple, consider retaining a probate lawyer to help you do things correctly, and meet the obligations owed to all parties. Figuring out who's a legitimate and qualified heir may require a lawyer's help; as occasionally previously unknown potential relatives might show up and want to be paid in large estate situations. Working as the executor in an estate is not easy, but the reward is knowing that you helped to complete the last wishes of the person who passed away. Have your judgment recovered for the best realistic price: http://www.JudgmentBuy.com - Judgment Recovery. The easy, free, best and fastest way to begin getting some money back from recoverable judgments. (Mark D. Shapiro 408-840-4610) JudgmentBuy offers you the truth.
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executor of estate, being the executor of an estate, estate executors, estate executor overview,
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