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Executing a will effectively and efficiently

When people are going through the process of planning their estate and establishing a will, one of the most important things they will need to do is find someone they trust who will be responsible for executing their will in New York. When they have selected someone, who is willing to carry out their wishes, it is critical that they discuss the responsibilities of this agreement with the person they have chosen. 

Once a person has passed away, their executor is put in charge immediately. The executor will begin by finding the original will and then tying up loose ends to avoid unnecessary confusion and legal repercussions in the future. Some of the things they should do include closing credit accounts, disposing of prescription drugs, collecting the deceased's mail, putting valuables in safekeeping and preparing death certificates. 

Working with the deceased party's estate requires several important actions including liquidating and selling all property in the person's name, gathering important information related to the person's estate and how he or she wishes to have it dispersed, and putting all assets related to the estate in one place. They will also need to pay taxes and guarantee that all creditors have been paid in addition to gathering proof of payment. 

When someone has passed away and his or her executor assumes all responsibilities, the executor may wish to enlist the help of a qualified attorney to guide him or her through the legal process of dealing with an estate. This decision may enable the executor to more effectively and confidently complete all responsibilities associated with closing the estate of his or her loved one.

Source: Yahoo! Finance, "How to Perform the Duties of Executor of an Estate," Daniel A. Timins, Dec. 21, 2017

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