The Executor’s Responsibilities in a Riverside County Probate
As manager of the estate, you are responsible for handling the decedent’s assets and debts during the probate process until they are transferred to the beneficiaries or heirs. You have a fiduciary duty to the estate, meaning you must treat it with the utmost care, exercising a high level of attention and restraint. As you go through the probate process, all assets must be kept separate from anyone else’s. Financial accounts opened to hold assets must be opened in the name of the estate. These accounts must be interest-bearing or there could be consequences. The authority given to an executor […]