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Whether or not you want to be involved is totally up to you. This is not all that uncommon when you have an elderly person with no family. Especially when there is a bond relating to animals. People have a perception, usually a correct perception, that if people have a heart for animals they are also kind-hearted people in general. And, if they have other animals and have no one else in their lives, they look to that bond with that person to handle things when they die, especially their pets. You have no legal obligation to involve yourself now or in the future...either as the executor or as a beneficiary. Even if you agree now, you can always decline to serve as executor or disclaim any inheritance at the time of his death. This would not impose any liability on you; you would not be responsible for any of his debts and liabilities.
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No, you do not need to sign anything at this point.
It does happen sometimes, but I would still recommend the will be notarized so that the witnesses would not have to show up at probate. It's fine to have a key, but I would never go there without someone going with you.
Only at death.
Until he dies, you actually need to do nothing. Only when he dies would you need to proceed to probate his will if you choose to act as executor.