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Duties of probate administration may overwhelm an executor

When a loved one dies, family and friends may carry a burden of grief. However, for the one chosen to be the personal representative of the deceased, there may be additional burdens to bear. Probate administration can be a time-consuming and frustrating process, and being named the executor of someone's estate means dealing with that frustration almost exclusively. Those in Oklahoma charged with the task may find a few tips helpful.

Family wealth experts believe staying organized is the key to successful estate administration. The executor is responsible for making sure the assets of the deceased remain safe until probate ends and those assets can be distributed to the estate's heirs. If the deceased has left an inventory of assets and vital documents, the executor's job will likely be easier. However, in many cases, the executor will have to gather that information, along with the death certificate and the will or trust documentation.

While waiting for the probate court to complete its work, the executor is responsible for paying the bills and taxes of the deceased. The executor must also notify creditors of the account holder's passing and close down any other accounts. These actions, along with claiming any life insurance benefits, typically require the executor to submit copies of the death certificate.

Filing the proper papers and managing the estate through probate administration may be too much for one person to do alone, especially if that person has a job and family to provide for. Seeking the help of an estate planning attorney may be a wise decision for anyone in Oklahoma who feels intimidated by the job. Having the advice and guidance of an attorney can simplify the process and place an executor's mind at ease.

Source: bankrate.com, "7 Tips For The Executor Of An Estate", Judy Martel, Accessed on June 9, 2017

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