Preparing for the after life can sometimes be a daunting task. Choosing someone to carrier out your final wishes with regards to your estate, personal items, money and remains is a huge decision. You want to choose someone you can trust and someone who is professional, skilled, reputable, licensed, and understanding. Being the executor of an estate is a large task and requires many months of diligently working with heirs, lawyers, courts, and the IRS. It is vital that you choose an estate executor that is familiar with the process and has handled many estates.

Some of the tasks a Chicago estate executor is responsible for include performing an inventory of assets as well as locating and making a record of everything you owned including investments. If you have antiques, artwork, collections or other valuables the Chicago estate executor is responsible for obtaining appraisals on these items. The Chicago estate executor is also responsible for locating all heirs near and far, provide notice of the death to institutions where you had accounts such as banks, and often times putting a legal notice in the newspaper notifying creditors that they need to make a claim. The Chicago estate executor is also responsible for safeguarding the assets of the estate, paying outstanding bills, managing any investments, making necessary repairs to keep the family house in good condition, and keeping necessary insurance in fore as well s keeping heirs from walking off with the personal property until probate is completed. The Chicago executor of your estate will also prepare and file the federal estate income tax return, which is due nine months after death, as well as file your last tax return, distribute remaining assets to heirs per will instructions, and sometimes they are even responsible for arranging for the care of minor children, or handling their money for several years. So you can see it is quite crucial that you choose a reputable and knowledgeable Chicago estate executor so your heirs don’t wind up killing each other over your will.

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Chicago Estate Executor