what are the legal responsibilities of an executor of an estate
Responsibilities to Government. An executorâs main responsibility to government is to pay the required taxes. According to the American Bar Association, there are usually two kinds of tax returns that you must file. The first is a personal return on behalf of the decedent, and the second is for the estate. In order to file a tax return for the estate, the executor must first apply for a new tax identification number.
The duties of your executor can vary depending on the complexity of your estate. Overall, the executor will manage your estate and ensure that everything is done according to the terms of your will.
The responsibility of the executor to the testator is to carry out his wishes as they were expressed in the will. This normally includes overseeing the funeral and disposal of the body, taking care of assets, preparing an inventory, paying taxes and debts, and distributing property to beneficiaries.