What are my duties as executor of my deceased parents’ estate?
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What are my duties as executor of my deceased parents’ estate?
They bought land 40 years ago that none of the 4 heirs want. The estate did not go through probate; there were no other assets or money to pay taxes. Can we give the land back to the county? If we do nothing what will happen? What consequences are there for me as executor?
Asked on March 19, 2014 under Estate Planning, Missouri
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 10 years ago | Contributor
Your responsibilities as the executor of your parents' estate is to adminsister the estate with accountings to all heirs and distribute the assets where i presume there is a trust from what you have written. Yiu can sell the land or donate it to charity as an option. Failure to conclude your assignment could result in some heirs making claims against you.
I suggest you consult further with a Wills and trust attorney in your locality. One can be found on attorneypages.com
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