The executor is responsible for making sure all assets in the will are accounted for, along with transferring these assets to the correct parties. Assets can include financial holdings, such as stocks, shares, bonds or money market investments, property, and chattels.
The executor also needs to ensure that all the debts of the deceased are paid off, including any taxes, loans, or mortgages. The executor is legally obliged to meet the wishes of the deceased and act in the interest of the deceased.