As we grow older, it may become time to start thinking about estate administration. This is a process that plans for your assets and possessions after you die. This can dole out your assets to whomever you would like to give it to. If you have items that have sentimental value, you may wish to pass it on to a loved one. You may also wish to create a trust that can be beneficial to a friend or family member. These acts can ease your families’ worries about what to after you are gone. They will not have to worry about how you wanted your property managed.
A will is a legal document that ensures a person’s wishes regarding their estate are being followed after they die. Probate proves the legality of the will and allows the court to distribute the assets as they are outlined in the document. Before the deceased individual passes, they will have assigned someone as an executor to their estate. This person is in charge of making sure that the proper possessions are given to the right people. As an executor, they will have substantial responsibilities that require their cooperation.
What is an executor?
One of the main responsibilities of the executor is bringing the will to probate after the death of the individual. Once this is accomplished, they can gather the assets named in the will to be distributed to the beneficiaries that are named in the will. With this role, it is important that the executor makes sure the right possessions are given to the right people. This will help to complete the wishes outlined by the deceased. If they fail to do their job correctly, they can be removed from this role. Beneficiaries can file a motion with the court to have the situation looked into and have the executor removed. The court may remove the executor and appoint another candidate for this role. The role of executor is important for estate administration since they are vital to the process. They should take this position seriously and follow the deceased’s wishes.
Stone Crosby, P.C. has proudly served clients in Alabama for over 100 years. Our firm has experience handling matters including divorce and family law, estate planning and administration, business law, employment law, class actions, consumer protection, business law, real estate law, among many others. If you require quality legal representation, contact our firm today to schedule a consultation.