Finding out that a deceased loved one has named you as their executor can feel overwhelming, especially during a time of grief. This important role puts you in charge of carrying out someone’s final wishes and handling their assets according to their will.
Taking on executor duties requires good organization skills and careful attention to paperwork and deadlines. With some guidance, you can navigate this process more confidently while honoring your loved one’s intentions.
First steps to take as a new executor
The early days after someone passes away involve several crucial tasks you need to handle before the full estate process begins. Here’s what you should keep in mind:
- Locate the original will: Courts prefer the original signed document when possible. If you only have a copy or if the original is unavailable, you’ll need to provide additional information about why the original can’t be produced.
- Obtain death certificates: You will need several certified copies from the vital records office since banks, insurance companies and government offices will ask for them.
- Consult with an attorney: A lawyer familiar with Oregon probate can explain requirements specific to your situation and help you avoid mistakes.
- File the will: Take the original document to the probate court in the county where your loved one lived.
- Petition for appointment: Fill out and submit the forms needed in order for courts officially recognize you as the personal representative.
These first actions establish your legal authority to act on behalf of the estate and set the foundation for the work ahead.
Managing estate assets and debts
Your next major responsibility involves taking control of what the deceased owned and addressing any money they owed. You must:
- Create a complete inventory: Make a detailed list of everything from houses and land to bank accounts, cars and personal belongings.
- Track everything carefully: Your inventory becomes an essential tool that guides your work and ensures you do not miss anything important.
- Sort through financial claims: Review each bill or debt claim carefully to determine if it is legitimate.
- Question suspicious claims: Don’t hesitate to challenge any debts that seem questionable to protect the estate.
- Pay what’s truly owed: Handle valid debts according to legal priority before distributing remaining assets to heirs.
Serving as an executor might seem daunting at first. Thankfully, approaching it step by step can make it more manageable. Many resources are available to help you, including professionals and court staff who regularly guide people through this process.