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Anderson and Associates, P.C.

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I Have Been Named the Executor of a Will; Now What?

Fiduciary Responsibility and Estate Administration Lawyers in Schaumburg, IL

If you have been named the executor of a person’s estate in his or her will, you are responsible for carrying out the directives contained in the will. Other duties include closing the decedent’s accounts, paying off debts, managing assets, locating heirs, and distributing the decedent’s property in accordance with the will’s provisions.

The role of executor is an important one in administering a decedent’s estate. The executor is responsible for a wide range of duties including but not limited to:

  • Locating the will and any codicils;
  • Compiling a list of assets and debts;
  • Obtaining death certificates;
  • Securing the decedent’s property;
  • Identifying heirs, beneficiaries, and creditors;
  • Allocating property to each heir as directed; and
  • Presenting the will in Probate court.

The executor must also keep careful records of actions taken and expenditures incurred on behalf of the estate. If you do not feel that you are capable of or willing to carry out the responsibilities of an executor, you have the right to refuse to serve in the role. If you do agree to take on the duties of the executor, it is important to seek guidance from a qualified estate administration attorney.

Schaumburg Probate Attorneys

At Anderson & Associates, P.C., we understand that it can be overwhelming to be named the executor of someone’s estate. It is especially challenging when the decedent is a close family member or loved one, as grief and other emotions can complicate the situation. Our experienced lawyers will work closely with you in managing the decedent’s estate and navigating the often difficult process of Probate. We can also assist you in dealing with any challenges that may arise regarding the will or any other element of the decedent’s estate plan.

To learn more about estate administration in Illinois, contact our office. Call 847-995-9999 to schedule a free consultation at any of the four locations of Anderson & Associates, P.C. We serve clients in Schaumburg, Wheaton, Orland Park, Chicago, and the surrounding areas.

Chicago Bar Association DuPage Association of Woman Lawyers Illinois State Bar Association DuPage County Bar Association Northwest Suburban Bar Association
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