What role does the personal representative (Executor) play under a will?

Responsibilities of the executor or administrator may include:

  • gathering up and protecting the assets of the estate,
  • obtaining information in regard to all beneficiaries named in the will and any other potential heirs,
  • collecting and arranging for payment of debts of the estate,
  • collecting any payments that are due to the estate such as insurance dividends, salaries, any other income;
  • insuring that any money due under insurance policies is paid to the estate.
  • opening a bank account to handle any required financial transactions on behalf of the estate;
  • getting in touch with the employer or former employer of the decedent to verify whether the estate is owed any amounts for unpaid salary, benefits or insurance policies;
  • providing any creditors with notice to make their claim from the estate;
  • verifying any claims made against the estate of the decedent;
  • approving or disapproving creditor’s claims,
  • taking responsibility for any legal action in which the decedent was involved at the time of death;
  • paying all valid debts of the decedent’s estate, such as funeral bills, outstanding taxes, liabilities to other creditors, and estate administration costs;
  • making sure estate taxes are calculated, forms filed and tax payments made, and in all ways assisting the attorney for the estate.
  • dealing with any valuations required on any of the assets left by the decedent;
  • notifying relevant authorities and organizations of the person’s death (e.g. landlords, utility companies, social security etc.).
  • protecting the assets and property of the decedent until they are disbursed to the beneficiaries;
  • determining what each beneficiary gets from the decedent’s estate; and
  • ensuring that the remainder of the estate is distributed in accordance with the wishes of the decedent.
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All content is for informational purposes only. It is also only intended to relate to Mississippi Estate Planning Law.  If other states are mentioned, they are mentioned as an example only. No legal advice is provided in this content. Laws change so you need to check for any updates by current laws in Mississippi.