What Do You Need to Do If You Now Need to Execute Someone's Will?
The death of a loved one is often hard, and the last thing on your mind is what to do with their assets. However, if your loved one left behind a will and nominated you as the executor, it is your responsibility to ensure that their wishes are carried out. The process can be overwhelming, especially if you have never done this before. So, what should you do next?
Step 1: Obtain the Death Certificate
The first thing you need to do is obtain the death certificate of the deceased. This document is often required when dealing with financial institutions and government offices. You can obtain a copy of the death certificate from the funeral home, the hospital or the registrar's office. It is advisable to obtain several copies to ensure you have enough for all the necessary applications.
Step 2: Review the Will
The next step is to review the will of the deceased. The will outlines how the deceased wanted their assets to be distributed. If you are named as the executor of the will, it is your responsibility to ensure that the instructions in the will are followed.
Step 3: Probate the Will
If the will needs to be probated, you will need to file an application with the probate court. Probating a will is a legal process that confirms its validity. During this process, the court will review the will and ensure that it complies with all the relevant laws.
Step 4: Notify the Relevant Parties
Once you have obtained the death certificate, reviewed the will and probated it if necessary, it is time to notify the relevant parties of the deceased's passing. These parties include financial institutions, government offices and beneficiaries. You will need to provide them with a copy of the death certificate and the will (if required). It is important to keep a record of all the notifications made and the responses received.
Step 5: Distribute the Assets
The final step is to distribute the assets of the deceased in accordance with the will. As the executor, you will need to ensure that all debts and taxes are paid before the assets can be distributed. You will also need to provide an account of all the transactions made during the process. Once all the assets have been distributed, you can close the estate.
Executing someone's will can be a daunting task, but it is a necessary one. While the entire process may appear to be daunting, if you follow it carefully, you can ensure that the wishes of your loved one are carried out. Remember to take your time and reach out to a lawyer who specialises in this area for further guidance. To learn more about wills, reach out to a local service.