Are you the kind of person who likes to do a job well? Do you find joy in excellence whenever you have a task at hand? If this is you, then you’d make a great executor of an estate in NC. The responsibilities are weighty, but they have to be done and done right. For the sake of this post, let’s imagine you’re an estate executor now and see what the job’s all about.
You’re probably wondering where to begin, what you will need to do and whether you can handle it. The following post is good starting point in your journey as an executor:
The Duties of an Executor in North Carolina
An executor is the person who is named in the will and appointed by the probate court to settle a decedent’s estate. Relatives, close friends, and trusted advisors are usually selected to serve as executor and perform a number of important duties. The list below is… general guidance of some of the duties that an executor may perform when settling an estate in North Carolina.
- Locate the will
- Schedule a family conference
- Gather information about the decedent and his or her assets
- Consider hiring professional advisors to assist with settlement
- Probate the will and apply for Letters Testamentary with the Clerk of Court
Prepare and publish the Notice to Creditors…Read more at Starrett Law Firm
Clearly, the role of an executor is extremely important. It will call for diligence on your part and a proper awareness of what you need to do and the best way to do it at every point.
You may also be wondering what your limits could be. Do you have absolute power over the estate? Find out in the following post:
What An Executor Cannot Do
The executor of an estate has a host of responsibilities — from notifying heirs to managing assets. But an executor’s authority isn’t endless. There are limits on what an executor can and cannot do.
If you’ve been named an executor, a couple basic rules of thumb are that you can’t do anything that disregards the provisions in the will, and you can’t act against the interests of any of the beneficiaries.
Sounds pretty straightforward, right?
Sometimes it is. But depending on the complexity of the estate, figuring out the bounds of your role as an executor could be challenging. Read more at EZ Probate…
So, as you’ve just learned, the scope of your executor powers is limited in some ways, but those limits keep you from making unnecessary mistakes. That’s a pretty good system of checks and balances.
Now, it’s time for the question people wonder about but are often hesitant to ask: What happens if I’m unable to carry out my responsibilities as an executor? It’s a very good question to ask. Can a person step down? If so, when can they do it? Read the following post to find out:
How Do I End My Obligations from Being the Executor of a Will?
A will’s executor must carry out all of the duties outlined in a final testament. Doing so is what frees them of all obligations to this document once all of the deceased’s final wishes are fulfilled. This role isn’t for everyone and there are ways to remove oneself from it if the right paperwork is filed before the will goes to probate.
Completing the Responsibilities of the Executor
One way an executor can end all obligations toward it is by fulfilling its responsibilities. Read more at Legal Zoom…
An executor’s work can be complicated. But, even in the most complex cases, all you really need is good legal assistance. Getting the proper guidance from an experienced attorney is much better than rejecting the role altogether.
For all the help you would need to fulfill your duties as an executor in NC, contact the experts at Meek Law Firm. Attorney Jonathan Meek is able to handle any Estate Law circumstances you face. Contact him today at (704) 848-6335 to discuss your needs, or fill out the contact form on our website and we’ll get in touch with you.