Wills, Estates and Trusts Law – What Does It Mean To Be An Executor Of A Will?
- An executor’s job is going to be to make sure that your will is carried out and that what you put in your will is done in accordance with the way you wanted it done.
- It is important that this person is someone you trust completely because they will be in charge of your assets, paying any debts you may have, and making sure your beneficiaries get what you wanted them to get.
- They have to go to court, petition the court for testamentary letters, present the court with the petitions they have to show the court that everything in your will was done correctly that they are entitled to get these letters and that they will be entitled to act on your behalf as executor.
- They are also entitled to a commission, which is set by statute and based upon the value of your estate. This is something to take in to account as there is a lot of work involved.
This short informational estate planning was provided by Nicholas Mattia, an experienced Jackson Heights Estate Planning Lawyer.