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Executor's
Duties in Massachusetts
The Executor (or "Executrix", if female)
must take control of
the decedent's assets and be accountable
for the management and distribution of the estate. The
duties of the personal representative are: to collect and preserve
the assets of the estate; to pay debts of the decedent and expenses
of
administration; and finally to distribute the rest of the
estate to those people designated under the will to receive bequests.
These duties include:
- Taking possession of and protecting the assets
of the decedent.
- Apply for any death benefits for which the estate may be
eligible.
- Locating insurance policies and applying for benefits if
the proceeds
are payable to the estate.
- Collect income such as rents, accounts receivable, interest,
dividends.
- Assuming responsibility for any litigation in which the decedent
had an interest.
- Preserve the property of the estate in good repair and
continue to make mortgage payments.
- Opening an estate bank account for payment of debts and
expenses.
- Sell real property if applicable.
Click here to see helpful Probate
resources for Executors:
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