Checklist - Minimize executor liability
To check off the items by clicking in the check boxes, you need to lock the form. However, when the form is locked,
you won't be able to make changes to the text or layout, so be sure to do this step last. When you want to edit the document,
you can easily unlock the form. Just remember to lock it again so that you will be able to click the check boxes.
Here’s a list of best practices executors should use to keep beneficiaries happy as the estate is
settled.
Communicate regularly (and equally) with all beneficiaries to avoid complaints,
misperceptions and accusations of bias.
Keep receipts, bank deposits and other documentation help prove an executor acted
expediently and professionally.
Hire well-qualified help — an accountant to file a tax return; a money manager to
manage a trust; a lawyer for probate — to avoid errors and mistakes.
Secure three appraisals before selling or disbursing real estate, personal property,
collectibles and other assets of unknown value.