Are you the Executor of a Will? Now what?
Are you the Executor of a Will? Now what? Now that you are the Executor of a Will or (Personal Representative) it doesn’t have to be overwhelming. Get organized to make things a bit easier. First, did the decedent have a Will?
If no Will, then in Texas, yo do not have to Probate the Estate. In Texas, you can legally sell and divide all property owned by the decedent and you can gain access to any bank accounts , as agreed to by all family members. Simply give ma call at (214) 723-1304, and I will walk you through the process of ‘No Will’.
It is much easier than people think, to work with a Title company who can handle the sale of real estate owned by the decedent, when there is no will.
You can ask yourself, are you willing to be the executor, and possibly have to work with a co-executor? if yes, then find out if there…
- Are co-executors? If so, can you and are you , willing to work with the other(s)?
- Is there property owned or real estate to be sold?
- Are there banking accounts or investment accounts to be handled and divided?
Once Determined the Executor of a Will, Now What?
Among all of this, are you ready to take on the financial responsibility that goes with the position? Not to mention the time and work involved, because it will be a journey. Are you the executor of a will? Now what?
The executor of a will and /or the estate is responsible for the funeral and burial arrangements. An executor will pay for the cost involved with the estate and probate. Which includes Attorney fees and Court cost.
Get all important documents together-life insurance policies, titles-deeds to all properties owned by the decedent. All tax returns, and documents relating to any benefits such as Social Security, Medicare or Medicaid, investment certificates, and burial plots. Put everything in a file folder. on a spread, add all items that are in that folder.
Keep it as simple as possible, keep it current, keep it in a safe place.
We Buy Houses Inherited by Heir’s
Since 2001, we have been buying houses from heirs of decedents and have seen many easy a process go bad fast, when the heirs do not agree on the most simple issues. A consideration would have been to look into a Revocable Living Trust. Problems solved, or could have been.
Are you the Executor of a Will? Now what? Or is there no Will? Give us a call at (214) 723-1304 to find out more about how the process can work when there is No Will. There is no need for family disputes and most times an outsider can help resolve the mater quicker.
Article Topic: Are you the Executor of a Will? Now what?