Campbell Law Offices
1970 Broadway, Suite 625
Oakland, CA 94612-2227
(510) 832-0742
Executor's Duties
1. Arrange for Probate of the Will.
2. Obtain court authorization as the executor.
3. Post a Bond for the faithful performance.
4. Transfer bank accounts to the account of the Estate.
5. Take custody of securities.
6. Collect life insurance payable to the Estate.
7. File claims for social security and/or veteran's benefits.
8. Collect debts owed to the Estate.
9. If the Estate contains a going business, steps must be taken to keep the business operating while arranging for a sale or its future continuation.
10. Locate and safeguard all other property and property interests belonging to the Estate.
11. Make a complete and detailed inventory.
12. Have all the assets appraised.
13. Figure out how much money must be paid out in cash bequests, and then for taxes, and then for other costs.
14. Decide what property has to be sold in order to raise cash.
15. Decide when to sell the property.
16. Defend the Estate against improper claims.
17. Pay all legitimate debts against the Estate.
18. Record all the receipts, transactions and disbursements.
19. File a final income tax return for the deceased.
20. Select a fiscal or calendar year for the income tax purposes.
21. File income tax returns for the Estate.
22. File a Federal Estate tax return within the time period involved after a decision is made whether to use the alternate valuation date.
23. If funds are available, pay bequests and legacies as directed by the Will.
24. Make a final accounting to the Court and give notice thereof all interested parties.
Return to Probate
Home
Guardianships •
Probate •
Conservatorships •
Trusts •
Estate Planning •
Litigation
The Firm •
Humor •
Location and Directions
Articles •
Links