Question

Tom is the executor of his brother Mitch’s estate. Tom’s responsibilities include:

Tom is the executor of his brother Mitch’s estate. Tom’s responsibilities include:

Homework Answers

Answer #1

An executor is a person who upon the death of a person, administers his/her estate.

Tom’s responsibilities include -

1) File the copy of will to court

2) Inform banks and other financial institutions about decendent's death

3) Represent the estate in the court

4) Manage incoming funds and ongoing bills

5) Inventory of the estate's asset shall be filed with court

6) Maintain the assets until the date of distribution or sale

7) Pay debts and bills of estate

8) Distribute assets according to the terms of will

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