Are you an executor of an estate in Hillsboro Beach, FL? Call The Millman Law Group for assistance.
Estate administration is a complex and time-consuming undertaking. The executor of the estate is the person named in the decedent’s will who is in charge of administering that deceased person’s estate. The executor supervises the will, distributes assets, and moves the estate through probate. This person is known as the personal representative in Florida, but the duties are the same. Personal representatives, fortunately, can seek assistance and counsel from The Millman Law Group’s experienced attorneys. Aaron D. Millman, Esq., CPA, formed The Millman Law Group to provide excellent estate planning and legal services. We recognize that each estate is unique. As a result, we work hard to guarantee that each client succeeds as an executor. If you have been appointed executor of an estate in Hillsboro Beach, FL, contact The Millman Law Group for assistance with your duties.
The Responsibilities of an Executor of an Estate
The executor of an estate in Hillsboro Beach is responsible for carrying out the terms of a will. This entails handling the deceased’s assets and guiding the estate through probate. The will names a personal representative who can refuse the position. However, once appointed, the executor is legally obligated to carry out the terms of the will. An executor is in charge of several things, including the following primary responsibilities:
- Moving the estate through probate
- Filing the will
- Distributing assets to beneficiaries
- Managing estate taxes
- Creating a bank account to pay for probate expenses
- Notifying guardians, relatives, beneficiaries, creditors, the SSA, banks, USPS, Medicare, and the Department of Veterans Affairs
Why Should Executors Work with an Estate Planning Lawyer?
An executor of an estate in Hillsboro Beach must work alongside an estate planning attorney in order to carry out their obligations. Your lawyer will help you manage your duties and avoid costly blunders. Your attorney is ready to help you with tax filings and to guide you through the process’s technical and administrative aspects. Aside from saving you time and money, your lawyer may also:
- Suggest experts when needed.
- Draft legal documents
- Provide advice on tax consequences.
- Determine necessary tax returns.
- Ensure the state is closed correctly, assets are distributed, debts are paid, and tax returns are filed.
- Keep the executor informed of deadlines and requirements.
- File the executors’ reports with the court.
Set up a free first appointment with The Millman Law Group to determine whether we are the ideal lawyers for you. Call us right away to learn more about becoming a successful estate executor in Hillsboro Beach.
Are You an Executor of Estate in Hillsboro Beach, FL? Contact The Millman Law Group For Assistance
Millman Law Group, PLLC is one of the only law firms that offers life planning in South Florida. From life care planning to the preparation of detailed estate plans, Millman Law Group has committed to serving Floridian elderly communities in Boca Raton, Palm Beach County, Ocean Ridge, Hillsboro Beach, and many other areas since 2018. Our dedicated team specializes in special needs trusts and catering to any age demographic because we know that it’s never too early to start preparing for your future. For the latest news in estate planning and elder care law, follow us on Facebook, Twitter, LinkedIn, and Pinterest. You can also contact us at 561-463-6480.