Question

Which of the following is a typical duty of an executor of an estate?

a. Pay funeral expenses

. b. Pay off the decedent’s financial liabilities.

c. Distribute the net assets of the probate estate.

d. Manage the decedent’s assets until they are liquidated or distributed.

e. All of the above.

Answer 1

Answer

• The correct answer is Option ‘e’ All of the above
• Duties/responsibilities of an estate executor include:
  --payment for burial and funeral expenses,
  --management of decedent assets upto the point of liquidation and distribution
  --Distribution of net assets
  --and Payment of financial liabilities of decedent