Cubby Bice is a financial consultant in Mooresville, North Carolina, who provides wealth management strategies and business planning services. Emphasizing the importance of asset planning through the generations, Cubby Bice helps place executors for estates.

An executor is a trusted relative, friend, attorney, or accountant tasked with setting the deceased’s wishes into motion. In certain cases, such as when siblings are making the decisions, co-executors may be named. Executors are required by law to act in the best interests of the estate. This fiduciary duty extends to heirs who are executors and may have personal motives involved in their actions.

No one is ever legally obligated to be the estate executor or administrator. Reasons include geographical distance, contentious inheritance situations, and lack of time. In such cases, a contingent or alternate executor named in the will may be appointed.

If this route fails, the probate court judge typically assigns an administrator. The executor is not expected to know everything about the deceased’s financial affairs. The executor’s primary responsibility is hiring a qualified attorney or accountant to help with the valuation and distribution of assets.

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