Duty of Executor of Will

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Duty Of Executor Will
vercammen
  • By: vercammen
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  • Updated: 16-Dec-09
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  • United States Basic English
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  • Views: 98
  • Added: 03-Feb-09

Under United States Supreme Court Case, Tulsa Professional Collection Services, Inc., v. Joanne Pope, Executrix of the Estate of H. Everett Pope, Jr., Deceased, the Executor or Personal Representative in every estate is personally responsible to provide actual notice to all known or "readily ascertainable" creditors of the decedent. This means that is your responsibility to diligently search for any "readily ascertainable" creditors.

Certain Duties of Executor and attorney:

Bring Will to Surrogate attorney will prepare Fact Sheet

Notice of Probate to Beneficiaries (Attorney can handle)
If charity, notice to Atty General (Attorney can handle)

File notice of Probate with Surrogate (Attorney can handle)

Apply for Federal Tax ID #

Set up Estate Account at bank

Pay bills from estate account

Prepare Inheritance Tax Return within 8 months and obtain Tax Waivers (Attorney can handle)

File Inheritance Tax waivers upon receipt (Attorney can handle)

File first Federal and State Income Tax Return [CPA ]

Prepare Informal Accounting

Obtain Child Support Judgment clearance (Attorney will handle)

Prepare Release and Refunding Bond (Attorney can handle)

Contact a Probate Attorney for an in office consultation

KENNETH VERCAMMEN & ASSOCIATES, PC
ATTORNEY AT LAW
2053 Woodbridge Ave.
Edison, NJ 08817
(Phone) 732-572-0500
More information at www.CentralJerseyElderLaw.com

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Duty of Executor of Will

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