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What are the duties of an executor/administrator?

  1. Giving notice to interested parties and filing an affidavit of notice.
  2. Filing income, inheritance, or estate taxes with the federal or state government.
  3. Filing an inventory no later than four months after the qualification date and filing a settlement of account or statement in lieu of accounts no later than 16 months after the qualification date with the Commissioner of Accounts Office (not the circuit court clerks office), until the estate is closed.
  4. Notifying the Commissioner of Accounts of any change of the Fiduciary’s address.
  5. Paying all Probate Taxes due to the Clerk of the Circuit Court.
  6. Payment of debts in the order set forth by law.
  7. Disbursing any remaining assets according to the will or to the heirs at law.

More Estate and Trust Administration FAQs

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