Episode 31: The Roles and Responsibilities of an Executor

Aug 15, 2022

Many of us will face the prospect of handling the affairs of a loved one after they pass. The role of an executor is crucial in many circumstances, carrying out the wishes of the deceased. It’s important to understand the responsibilities of an executor and what is entailed in case you ever serve in this capacity. Isaac Wright, CFP®, ChFC® and Aaron Reed, RICP® discuss several key points about how to handle the financial affairs of the deceased in an orderly fashion.

Here are just a handful of the things that we'll discuss:

  • The roles of an executor in handling the payment of debts, distribution of assets to beneficiaries, taxes, and documenting this with the court.
  • Creating asset inventory.
  • Establishing an Estate Tax ID number.
  • The possibility of being paid as an executor.
  • How to determine if probate is necessary.
  • Using an attorney to help guide you through the process.


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