Being the executor of an estate is challenging on a number of levels. Oftentimes, the executor is a family member grieving for the deceased, and part of the job is dealing with other family members who are going through their own grieving process. Needless to say, emotions can run high.
There is also the business side of the role as executor or personal representative. It can be a complicated with a well-organized estate plan, and an extremely difficult job if there are issues and disputes. Start to finish, it can take six months to a year or more. The key is to be patient. It is also helpful find an attorney with estate planning experience to guide you through the process if paperwork and finances are not your strength.
Your to-do list
Here are several items that are at the top of the list:
You need to do this right
Ideally you want everyone to be happy, but really you have to make sure everything is done right. Don’t rush through the process and do be thorough – you may be liable for any financial mistakes you make. As mentioned, an attorney can help, particularly if there are potential areas that are ripe for dispute. It is a hard process but can be ultimately rewarding, perhaps even helping you put closure on the death of your loved one.
Are you ready to take the first step toward reaching your goals?
Contact us today to schedule a Initial Consultation with our Toledo, Ohio, attorneys.