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What happens if you are named executor?

What happens if you are named executor? In this video, we explain what it means to be named executor, what you can do right away, and what you should not do until your authority is clear. Here are three things to know about what happens if you are named executor. Let’s start with the first thing to know. Being named as an estate’s executor is not the same as having authority. You typically do not have legal power until the court appoints you in probate, or until you are recognized under the plan if a trust is involved. Next, here’s the second point to remember. Your first job is to locate information and stabilize the situation. That means finding the will or trust, getting death certificates, securing property, and building a clear list of accounts, bills, and key contacts. And finally, here’s the third point that is often overlooked. You will need to communicate clearly with family and beneficiaries. Setting expectations early, like this takes months not weeks, prevents misunderstandings and reduces conflict. Before we go, one final tip to keep in mind. You can do a lot of preparation before you have formal authority, but avoid moving money or assets until your authority is clear. Being named in a will does not force you to serve, and courts typically allow a named executor to step aside. For more information about what executors do after a death, visit BuriedInWork.com and open the After A Death Information Hub. If you're considering an estate and end-of-life organization system, Buried in Work’s CLEAR Kit is trusted by professionals and families nationwide.