The
executor (called a personal representative in some states) is the
person named in a will to be in charge of winding up the person's
financial affairs after death. Basically, that means taking care of
property, paying bills and taxes, and seeing to it that assets are
transferred to their new rightful owners. If probate court
proceedings are required, as they often are, the executor must
handle them or hire a lawyer to do it.
The
executor (called a personal representative in some states) is the
person named in a will to be in charge of winding up the person's
financial affairs after death. Basically, that means taking care of
property, paying bills and taxes, and seeing to it that assets are
transferred to their new rightful owners. If probate court
proceedings are required, as they often are, the executor must
handle them or hire a lawyer to do it.