Thank you, XXXXX XXXXX the additional information.
Your job as executor will last about six months to a year. First, the executor files the will, along with a document called “Petition for Probate,” with the probate court in the county where your friend lived. There is a filing fee of about $400; some counties charge a bit more. Some other forms may need to be filed as well, and formal notices given to interested parties. The will, if there is one, must be shown to be valid; usually this is done by having the witnesses sign a sworn statement that’s submitted to the court. When everything is in order, the court issues “Letters Testamentary” or “Letters of Administration
,” appointing you as executor and granting you authority over estate assets. The forms are available from the clerk of the probate court.
Since the estate is potentially insolvent, a small estate affidavit is not appropriate.
Once the executor has this authority, the process of gathering the deceased person’s assets can begin. It’s also the time for the executor to get organized, set up a filing system so that benefits and bills are addressed, apply for a taxpayer ID number for the estate, and open an estate bank account. The executor will need to compile, and file with the court, an inventory and appraisal of all probate property.
As you can see, this is, potentially, a lot of work for you mainly to see that the creditors are paid. So, do consider if this is something you want to start.
It is my privilege to assist you. Let me know if you need further information. I hope I have helped you feel informed and empowered in the service I have provided to you. I am here for you.
Since this forum is no substitute for your own legal counsel, you may want to verify the information I have provided with a local attorney who is familiar with your local laws and procedures.
I am happy to answer your follow-up questions and assist you until I am able to explain the answer to your satisfaction.