I Have Been Named an Executor of a Will: Now What?~3 min read

If you’ve been named the executor in a will, you might be feeling a mix of honor and anxiety. This role carries significant responsibilities, especially under Texas law. While some tasks may seem straightforward, the complexities of probate often necessitate professional legal guidance. Here’s a detailed look at your duties and why involving an attorney is important.

Understanding Your Role as Executor

As the executor, you are responsible for ensuring the deceased’s wishes are carried out, managing and distributing their assets, paying any debts, and navigating legal proceedings. This fiduciary duty requires you to act in the best interest of the estate and its beneficiaries.

First Steps to Take

1. Obtain the Death Certificate: The first step is to secure multiple copies of the death certificate from the vital records office. These will be needed for various legal and financial processes.
2. Locate and Review the Will: Find the original will and ensure it is the most recent version. Thoroughly read it to understand the deceased’s wishes.
3. Consult an Attorney Immediately: In Texas, while some executors may attempt to handle probate alone, the legal intricacies make it highly advisable to consult with a probate attorney from the start. An attorney will help you navigate the legal requirements and avoid common pitfalls.

Begin the Probate Process

Probate is necessary to validate the will and authorize you to act as the executor. Texas probate law can be complex, and professional guidance ensures you comply with all requirements.

1. File the Will with Probate Court: Submit the will and a petition for probate to the court in the county where the deceased lived. An attorney can assist in preparing and filing these documents correctly.
2. Notify Heirs and Beneficiaries: Texas law requires that you notify all heirs and beneficiaries about the probate proceedings. An attorney can ensure this is done properly to avoid legal complications.
3. Inventory and Appraise Assets: You must list all the deceased’s assets and debts. Texas law mandates that this inventory be filed with the court within 90 days of your appointment as executor. An attorney can help in accurately appraising and documenting these assets.

Managing Estate Responsibilities

1. Secure the Estate’s Assets: Protect and maintain all assets, including real estate, vehicles, and personal items. An attorney can provide advice on best practices for asset management.
2. Pay Debts and Taxes: Use the estate’s funds to settle debts and pay any required taxes. Texas does not have a state inheritance tax, but federal estate taxes may apply. An attorney will ensure that all financial obligations are met accurately.
3. Distribute Assets to Beneficiaries: Once debts and taxes are paid, distribute the remaining assets according to the will. An attorney can help you interpret the will’s instructions and ensure fair and legal distribution.

The Importance of Using an Attorney

While it may seem possible to handle the duties of an executor on your own, the legal complexities and potential for disputes make it highly advisable to involve an attorney.

1. Legal Expertise: Attorneys understand the nuances of Texas probate law and can help you avoid mistakes that could lead to legal issues or disputes.
2. Efficient Process: An attorney can streamline the probate process, ensuring that all legal requirements are met promptly and accurately.
3. Dispute Resolution: If conflicts arise among beneficiaries or other parties, an attorney can mediate and provide legal solutions to resolve these issues efficiently.

Contact Springer & Lyle

Being named the executor of a will is a significant responsibility. While it may be tempting to handle the process on your own, the complexities and potential pitfalls make professional legal assistance extremely important. At Springer & Lyle, we can guide you through each step with expertise and care.

If you have questions or need assistance with probating a will, contact Daniel Abasolo at 940.387.0404 to schedule a consultation. Springer & Lyle is located at 1807 Westminster, Denton, TX 76205.