Even before the person for whom you will be executor passes away, it is a good idea to talk to a CEA to understand what responsibilities you will have as their executor, and it may be useful to talk to a CEA before you agree to be appointed as an executor. The CEA will encourage you to talk to the person who appointed you, as there are various questions you should ask while they are still alive.
After the person who appointed you has passed, you may also need a CEA to assist in determining if probate is required. It is not unusual for a bank employee to say you need probate when you do not. A CEA can help you with this determination and save you substantial money if it is not needed. You can ask the CEA about the papers you need to send to beneficiaries before you send their gifts, to safeguard yourself. A CEA can help you set up the accounts you need to keep, generally at a rate much less than your accountant may charge. They can advise you what other professionals you may need to retain.
This article is for informational purposes only and is not legal advice. Contact us today to discuss your specific situation.