Kathryn T. Joseph & Associates, Inc.

Tips for executors to make their jobs manageable

Ohio residents who are named the executor of an estate have many responsibilities. Fortunately, those who are unable or unwilling to fulfill the role may ask to be replaced. However, staying organized and asking for help when necessary may make the role easier to handle. Individuals who choose to undertake and fulfill their role as executors may find that they won't get much done without copies of a death certificate.

It is recommended that an executor ask for twice as many copies as he or she thinks is necessary. It may also be necessary to open a bank account in the name of the estate to handle financial transactions. An executor is responsible for paying debts and filing estate and income tax returns. It may be advisable to consult with a tax professional or an estate planning attorney for help with issues related to settling an estate.

If the decedent had set up a trust, assets held by it may be transferred prior to the end of the probate process. Ideally, the executor will be told where the document is prior to an individual passing away. Wills must generally be filed with the court within days of the testator's death.

Creating an estate plan may make it easier to ensure that assets go to their intended beneficiaries. As part of the estate planning process, it may be a good idea to name an executor who an individual trusts and knows well. A good executor may understand a person's goals and wishes and may be able to adhere to them if questions arise about the decedent's intentions.

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Kathryn T. Joseph & Associates, Inc.
Executive Commons West
29425 Chagrin Blvd.
Suite 305
Cleveland, OH 44122

Toll Free: 888-335-6650
Phone: 216-245-0504
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