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A closer look at the responsibilities of a designated executor

When people begin to coordinate their long-term care needs in the form of a will, they are going to need to make many important decisions regarding their wealth, possessions and personal needs. In many cases, they will need to designate an executor in Texas who will have the responsibility of overseeing their requests upon their death. This person should be trustworthy and someone who knows the deceased well. 

According to Forbes.com, an executor maintains several responsibilities that must be carefully fulfilled to guarantee that the deceased's will is followed and his or her wishes are honored. Some of their responsibilities may include the following:

  • They should protect all estate assets. 
  • They should thoroughly assess and understand all documents related to the estate and trust.
  • They should see that all debts are paid off in a timely manner.
  • They should make sure that all named beneficiaries get the allotted payouts listed on the deceased's will. 

When people are ready to begin articulating their wishes in a written will, ABC News suggests some general guidelines to follow such as taking the time to understand the process of planning an estate. When people educate themselves and create an outline of what they would like to accomplish, they can more effectively write a will that is legally functional. They should also be selective in choosing witnesses and an executor who they trust and are positive will carry out their wishes with respect. People should also pay attention to the details and never shy away from including small things. If a people want to guarantee that assets are distributed the way they intended, their wishes should be clearly articulated in writing in the will. 

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