B.COM Unit – 4 ( CORPORATE SOCIAL RESPONSIBILITY ( CSR ).pptx
Executor of a will
1. Executor of a Will: Responsibilities of Executor
Will is a legal document and statement related to property of a person that tells how your asset to be
divide when you died. A person making a will is known as testator but before making a will always take
help form lawyer. Whenever you appoint an executor then it should be a person on which you can trust
to carried out your wishes and capable of doing so. The main task of executor of a Will is to handle
deceased person affair and makes estate planning. There are many task are also done by executor of a
Will like arranging your funeral, obtaining and validating your Will, organizing your estate, paying off any
outstanding debts and taxes.
Sometime you need a more than one executor when there is lengthier task. The responsible person of
administering the estate is known as executor of a Will. Executor of Will also examine the personal
account of a deceased to confirm that all accounts are properly identified or administration in the
estate.
Decedent person property, account and personal possessions are also handling by executor of a Will. If
these asset needs to be secure and manage then executor of a Will also do these things. The executor of
a Will is also responsible for contact with social security administrations to ensure that all lifetime
benefits are terminated and any death benefits are applied so executor of Will has large responsibility. If
your name is mentioned in Will as an executor and you need some type of help related to legal issue
then you can take help from solicitors that specialist in probate. They will provide you right advice and
give answer of your questions. Any mistake in this matter may be create some major problems that may
be takes more time for resolving so always hire a lawyer for handling deceased’s person affair.
Summary: Executor of a Will is a lawyer that helps you to obtaining grant of administration and gives
advice in Will’s matter. They help in handling a deceased person properties issue and estate.
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her knowledge on Executor of a Will.