Choosing an executor is a vital part of the estate planning process
Dave Says
Dave Ramsey
Dear Dave,
What exactly is an executor, and what part do they play in someone’s will?
Gabe
Dear Gabe,
Simply put, an executor manages the last will and testament of someone who dies. Acting as an executor is an honor and a huge responsibility. As the designated representative of the deceased, executors are responsible for making sure the deceased’s assets are distributed according to the will. Executors deal with probate court, tell everyone who needs to know about the death, pay outstanding debt, distribute assets and generally represent the deceased person whenever needed.
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Editor’s Note: Dave Ramsey is a seven-time No. 1 national best-selling author, personal finance expert and host of The Ramsey Show, heard by more than 18 million listeners each week. He has appeared on Good Morning America, CBS This Morning, Today Show, Fox News, CNN, Fox Business and many more. Since 1992, Dave has helped people regain control of their money, build wealth and enhance their lives. He also serves as CEO for Ramsey Solutions.