If you have been named the executor of an estate, you may be facing different challenges and you could have a number of questions about your responsibilities. At Buechner Haffer Meyers & Koenig Co., our Ohio firm is very familiar with the hurdles that can arise during the probate process for those who have been given this responsibility in Cincinnati, and the rest of the state. During probate, it is vital to know your rights and go over the details of your circumstances if disagreements and other problems arise.
As executor, you are responsible for distributing the estate’s assets among beneficiaries. Unfortunately, some may disagree with how the estate is distributed and believe that you have violated your fiduciary duties. If this occurs, it is vital for you to defend yourself appropriately and have a good understanding of your rights. However, there are many other types of hurdles that can arise during the probate process, which you should also be ready to take on.
Whether you are facing tax complications related to the estate, are having problems with creditors, or are going through any other estate-related dilemmas, you should do everything you can to ensure that your responsibilities are carried out appropriately. As an executor, these issues can take a toll on you emotionally and financially, especially if you are struggling with losing a loved one. However, you should try to avoid additional problems by properly handling your responsibilities.
If you go over to our probate administration page, you can read more about executor responsibilities.