When you are named as an Independent Executor in a Will or otherwise appointed by a Court to serve as an Independent Administrator of an estate in Texas, you become responsible for the task of administering the decedent’s estate.
As Independent Executor or Administrator, you will be locating and valuing the decedent’s assets, preparing the estate inventory, providing required notice to various creditors and beneficiaries, paying outstanding debts, paying personal and estate taxes (if any), preparing tax returns and distributing the remaining assets to the decedent’s beneficiaries or heirs.
There are many deadlines associated with acting as the Independent Executor or Administrator. For more information on these deadlines, please consult the companion article to this post, “Texas Independent Executor or Administrator Duties”. The guidance of a helpful and knowledgeable probate attorney will help ensure that the estate is properly administered.