Although an estate plan can include numerous documents and tools, your Last Will and Testament is the foundation, or starting point. A properly drafted and executed Will can make or break your entire estate plan – as can the choice of executor. Unfortunately, people often overlook how important the role of executor is in the overall success of an estate plan. To make sure that you do not make that mistake, consider what your executor will be required to do:

Locate your Will and all other estate planning documents
Review those documents and understand them (usually with the assistance of an estate planning attorney)
Locate and inventory every single asset owned by you at the time of your death
Determine a date of death value for each of those assets (often done with the help of professional appraisers)
Preparing and filing the necessary documents to begin the probate process with the appropriate court
Locating beneficiaries
Notifying creditors of the estate that the probate process is underway
Reviewing all claims made against the estate
Approving or denying those claims and paying them out of estate assets if approved
Defending any challenges to the Will or other estate planning documents
Defending any claims made against the estate that are not approved
Keeping informed of all probate business
Preparing and filing the required estate and gift taxes as well as personal taxes of the decedent if necessary
Preparing and executing the legal formalities required to transfer estate assets to the designated beneficiaries or heirs at the end of the probate process

This is only a short list of the responsibilities that go along with being the executor of your estate. Now that you understand what your executor actually does, be sure to take the time to choose the right person for the job.