Jerry Taylor warns that being named executor of a will means 600 to 900 hours of work, extensive paperwork, and legal liability if you mess up. You'll mediate family fights and face conflicts of interest if you're also a beneficiary. Many people say it's one of the hardest things they've done.
If you've been named the executor of a will, I'm going to tell you what you're getting into. What you're getting into is paperwork, and a lot of it. Settling an estate is way more work than you would ever think it would be. And you need to understand that you are assuming a fiduciary duty to carry out the terms of the will. What that means is, if you don't do it right, you can be held legally responsible. If you'd like to find out what you're in store for, talk to someone who's handled an even slightly complicated estate. Chances are they'll tell you it's one of the worst things they've ever experienced. The average amount of time it takes to settle an estate going through probate is 600 to 900 hours. And it's not just the paperwork. As the executor of the estate, or the person in charge of handling all the administrative duties, you'll be put in the situation of having to mediate all the family squabbles if there are any. And if you also are a beneficiary of the estate, if you're to receive something from the estate, you'll find that the relatives may be
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