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What do I need to do if I am an executor in Pennsylvania?

On Behalf of | Jul 18, 2024 | Estate Planning |

Taking on the role of an executor can be a daunting task. You likely recently lost a loved one and, in addition to mourning this loss, are preparing to guide the estate through the legalities as it transitions to beneficiaries. Although an honorable task, it is far from easy. Anyone that is taking the time to read this has already started off on the right foot — by recognizing the need for some research and preparation.

Although the exact process varies depending on the particulars of the estate, the following checklist provides some general guidance for those going through this process in Pennsylvania.

Immediate responsibilities

Some of the first steps to take upon assuming the role of executor include the following:

  • Secure the decedent’s property,
  • Locate the will and death certificate and begin the probate process, and
  • Arrange for the funeral, if not pre-planned.

Probate is the legal process that validates the will and allows you to act as executor. You will likely need the original will and any codicils along with the death certificate, a valid ID for yourself, a check for probate fees, and an inventory of assets to move the process forward.

Compiling an inventory and distributing assets

One of the most important steps for the executor of the estate is to create a comprehensive inventory of the decedent’s assets. This list should include:

  • Real estate holdings
  • Bank accounts
  • Investments
  • Personal property
  • Managing debts and taxes

As executor, you are responsible for settling the decedent’s debts and taxes. Gather all necessary documentation, such as:

  • Unpaid bills
  • Credit card statements
  • Tax returns

After debts are settled using the estate’s assets, you will distribute what remains according to the will’s instructions.

Serving as an executor is a significant responsibility. This checklist provides the beginnings of a structured approach to help better ensure you fulfill your duties correctly and honor the decedent’s wishes. Remember, consulting with an estate attorney can provide additional guidance tailored to your specific situation.