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Hello and welcome to the Canada for camel office legal podcast in this edition we look at some duties of the executor of an estate because of executive square there is a will if there's no well then that one of the family members has to go to the surrogate to become appointed as the administrator, so there is a will typically we prepare as the attorneys a surrogate information sheet which we send to the surrogate ahead of time and with a copy of the will and a copy of the death certificate this way our client doesn't have to spend that much time in the surrogates' office if there's going to be in a state of different beneficiaries and open for a while we help the executor apply for a tax ID and then set up an estate account let's say the legitimate bill should be paid many times executive try to negotiate with credit card companies there is a requirement under New Jersey Court rules that there be a notice of probate to all the beneficiaries in writing the attorney usually handles that it is cherry there must be a notice to Attorney General the Attorney handles that there's if there are assets going to children or grandchildren or spouse, although there's no New Jersey in heritage I mean taxes do no inheritance tax there's oftentimes we still have the file are returning it and get waivers let's see and then the waivers if its unreal estate get filed with the county clerk's office waivers on other assets get sent to the respective banks or stock companies and when they State ready to be wrapped up either the court there's a court roll for calling 87 that requires an accounting however in the majority of estates the executor in the with the help of the attorney will prepare what's called an informal accounting and then send it to the beneficiaries and the attorney will prepare what's called a release and funding lot which says that they will the beneficiary will get their money however they have to refund money if they unknown debt that was known about you know could have been in one matter there was a Medicaid lien for nursing home expenses that the family to know about for over two years there's also a requirement under statute that if a sub that they have clear what's called a clear child support judgment because if there's a child support judgment than they have to be paid before the person receives their money if the executor doesn't do that then they can be personally responsible for that the child support link for other information on the duties of an executor visit website NJ laws calm and for representation contact loss of Kenneth Burke Cameron Edison at seven three two dash 5720 500 thank you
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