One of the most vital roles of an estate plan is the executor. An executor is a chosen individual that has carries several responsibilities. Continue reading to learn more and reach out to our firm today to speak with one of our skilled Michigan estate planning attorneys about the specifics of your case and how we can best help you.
What does an executor do in Michigan?
An executor is in charge of handling and distributing your estate in the event of your passing. In most cases, if you are creating your estate, you will need to appoint an executor. Your executor will have the responsibility of bringing your last will and testament to the surrogate court. After the probate process begins and your will is deemed valid, your executor will then have to handle any financial obligations of your estate. Usually, this includes making outstanding payments or taxes, normally with the aid of an experienced attorney. This person will also be able to distribute all the assets within your estate to their chosen beneficiaries. Additionally, if a beneficiary contests a will’s validity, the executor is in charge of resolving these conflicts.
If you have further questions about the role of an executor, do not hesitate to reach out to our experienced estate planning attorneys to learn more.
What happens if no one wants to be an executor for my estate?
In some cases, people can be overwhelmed with the tasks of handling an estate and all of the weight that it carries. In other instances, an individual might accept the role without really knowing what it involves. If this happens, courts will not force that person to become an executor if he or she doesn’t want to. An estate plan allows for a backup executor to step into the role in the event that this occurs. If no one wanted to take the role, the court will select an individual suitable for the job. It is also important to note that an executor can be removed from the position if he or she is not fulfilling the duties or is engaging in fraudulent activity.
If you have questions about this role in an estate plan, it is in your best interest to reach out to our experienced estate planning attorneys to learn more. Our firm is dedicated to ensuring that you and your future are a top priority.
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Sometimes, divorce, family, and estate matters are difficult to navigate. Fortunately, they do not have to be with the assistance of a compassionate, knowledgeable attorney who is willing to guide you every step of the way. If you need a seasoned firm to help you with any divorce, family, or estate-related matter, please do not hesitate to contact Collis, Griffor & Hendra today to schedule a consultation.