Estate executors face legally complex and emotionally challenging challenges. It is a position of authority that no one wants to endure as it involves the tragic loss of a loved one, whether they are part of a family or a longtime friendship. In addition to an important responsibility, they, too, deal with the grief that comes with death.
The term “life goes on” is an oft-used phrase. For executors, they remain in a state of limbo where the most minor tasks and most complex legal matters take priority. From closing out cell phone plans to canceling once-scheduled appointments, the steps necessary to complete the process is overwhelming.
A pivotal position
Estate executors play an essential role. Should no one take responsibility, the probate courts will take over, relying on existing estate laws. In the end, those taking on these duties should prepare for various outcomes and expect the unexpected.
Attending to all the details may be an understatement from filling out the volume of documents while ensuring that you have the latest versions of specific documents. From there, executors must ensure that the paperwork is sent to the proper parties.
Perhaps the most crucial duty is to maintain open lines of communication with beneficiaries to ensure that they are up to date when it comes to asset distribution. Executors should understand that they are going through grief and trauma. Oftentimes, frustration boils over into mistrust that devolves into heated disputes over who gets what.
While most executors are paid for their work, financial costs may pile up due to mundane administrative tasks necessary for the process. Even more expenses can result if a loved one is contesting the estate, resulting in a lengthy legal contest.
While carrying out the last wishes of a loved one is an honorable designation, the challenges and the countless balancing acts can become overwhelming.