In estate planning, what is the role of an executor?

In estate planning, the primary role of an executor is to execute the terms of the will. This involves carrying out the instructions laid out in the will regarding the distribution of assets, settling debts, and ensuring that the deceased's wishes are honored. The executor is responsible for handling all administrative tasks involved in the estate's settlement, such as filing necessary legal documents, notifying beneficiaries, and managing estate assets until they are distributed. This role is essential to the probate process, as the executor acts as the representative of the estate and ensures compliance with relevant laws and regulations.

While managing income and collecting debts owed to the deceased may be part of the executor's responsibilities, these tasks fall under the broader duty of executing the will rather than being standalone roles. Similarly, providing legal representation may be necessary, but it is not a direct responsibility of the executor; rather, they may seek legal counsel for specific issues related to the probate process. Thus, the critical focus of an executor’s role is the faithful execution of the will's terms.