What are the most stressful parts of being an executor to an estate?
Jan Meriss Alfonso Assistant at Parklin Law Duties of an Executor Taking on the task of administering an estate is an extremely stressful process. In order to successfully carry out your duties, you'll need to be organized, detail-oriented, and able to cope with stress. The duties of an executor vary, but the process generally includes notifying individuals of the death, valuing assets, preparing tax returns, paying taxes, and distributing assets. The duties of an executor vary, depending on the type of estate and the individual involved. In addition to distributing assets to beneficiaries, an executor may be required to invest significant surplus cash until the estate is finally finalized. An executor can also receive a commission. Communication An executor may need to learn to communicate effectively with beneficiaries. In many cases, the deceased's family members are coping with the loss of a loved one, and the executor's job is to keep them informed. An executor is...