What are the main responsibilities and personal risks of serving as an executor?

An executor administers the deceased's estate, and the job is substantial. Duties include locating the will, filing it with the probate court, notifying beneficiaries and creditors, inventorying and safeguarding assets, paying debts, expenses, and taxes, and finally distributing what's left according to the will. Executors owe a fiduciary duty, meaning they must act honestly and in the estate's best interest; mishandling funds, missing tax filings, or favoring themselves can expose them to personal liability. The role often takes many months and involves paperwork, court deadlines, and sometimes family conflict. Executors are entitled to reasonable compensation, though family members often waive it. Before accepting, understand the commitment, and consider hiring an estate attorney or accountant to help avoid costly mistakes.