Legal Question in Wills and Trusts in New Jersey

Re: Estate and duty of Executrix

The Executor/rix has 3 duties:

1. Gather and Inventory the Assets;

2. Determine and Pay the Bills and Taxes of the Decedent and Estate;

3. Make Distributions to the Beneficiaries.

It is not the job of the Executrix nor her attorney to report every stage to the Beneficiaries. If the estate is going to take more than a year to administer, it is common (although not required) to make an interim distribution.

At the end of the Estate, the Executor will prepare an Accounting which will show the transactions in the estate.

Usually, the attorney does not speak to all the beneficiaries because the client is the Executor and the Estate, not the beneficiaries. Most Lawyers do try to clear up questions for the beneficiaries so the administration of the estate can proceed smoothly.

I hope this helps!

Ron Cappuccio

http://www.SaveYourEstate.com

Re: Estate and duty of Executrix

The Executor/rix has 3 duties:

1. Gather and Inventory the Assets;

2. Determine and Pay the Bills and Taxes of the Decedent and Estate;

3. Make Distributions to the Beneficiaries.

It is not the job of the Executrix nor her attorney to report every stage to the Beneficiaries. If the estate is going to take more than a year to administer, it is common (although not required) to make an interim distribution.

At the end of the Estate, the Executor will prepare an Accounting which will show the transactions in the estate.

Usually, the attorney does not speak to all the beneficiaries because the client is the Executor and the Estate, not the beneficiaries. Most Lawyers do try to clear up questions for the beneficiaries so the administration of the estate can proceed smoothly.

I hope this helps!

Ron Cappuccio

http://www.SaveYourEstate.com