The death of your parent is bound to be an emotionally confusing time without the additional responsibilities of being named as executor of his or her estate. Elder Law attorney Gene L. Osofsky of the law firm Osofsky & Osofsky has some sound advice and insight for those placed in such a predicament.
\nHaving being named the Executor of the Estate for your father, which by many is considered an honor, means that you must have more patience and focus than the remainder of your family. This is difficult to do in times of high stress due to a death in the family. Some of the responsibilities which you must thereby assume include the following:<\/p>\n
Creating an accounting for the deceased\u2019s assets and liabilities<\/p>\n
Giving notice to potential creditors<\/p>\n
Settling outstanding debts<\/p>\n
Making distributions for estate taxes, if applicable<\/p>\n
Making fiduciary income tax return<\/p>\n
Making distributions to named beneficiaries<\/p>\n
Filing a final accounting with the court to close the (more…)<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":" The death of your parent is bound to be an emotionally confusing time without the additional responsibilities of being named as executor of his or her estate. Elder Law attorney Gene L. Osofsky of the law firm Osofsky & Osofsky…<\/span><\/p>\n