A person trusted to be the executor of an estate bears the responsibility of ensuring that instructions in the will are devotedly being carried out, and assets are being managed in a way that is responsible and efficient. To allow executors to carry out these tasks, the court grants them certain rights, usually through a document called a letters testamentary.
As an executor, you may have the right to:
- Be reimbursed for all the expenses you’ve incurred
- Receive compensation
- Hire professionals to work with you
- Liquidate assets in order to manage the estate’s costs or pay the deceased person’s debts
- Communicate with the people and institutions who had served the testator during his or her lifetime, and those who would normally keep the information about the deceased person confidential
However, executors are almost always under scrutiny from the beneficiaries involved. If you are an executor and have been accused of claims that would need legal guidance and representation to resolve, speak with our team at Peck Ritchey, LLC by calling our Chicago offices at (855) 328-5787 today.