Top 10 Things to Know About Being an Executor of an Estate
Article by Adam Zimmerman, Estate & Antique Expert
05.18.2025
Being named the executor of an estate might seem like an honor — and it is. But it also comes with real challenges, responsibilities, and potential headaches. Before you accept the role (or if you already have), here are the top 10 things you need to know:
1. You Don’t Have to Say Yes
Just because someone named you executor in their will doesn’t mean you have to accept. If it feels too overwhelming or you’re not the right person for the job, you can decline.
2. Probate Is Just the Beginning
You’ll likely need to go through probate court to legally validate the will. This can take months — or longer — and involves court filings, deadlines, and fees.
3. You Could Be Dealing with Emotional Family Members
Even the most “peaceful” families can clash over estates. As executor, you may be blamed for decisions or accused of playing favorites — especially if sentimental items are involved.
4. You’ll Have to Locate Assets (and Liabilities)
Finding the will is just step one. You’ll need to track down bank accounts, property deeds, debts, insurance policies, and personal belongings — and determine what’s actually part of the estate.
5. You’re Legally Responsible for Managing the Estate
You can be held personally liable for mistakes. That means you must keep accurate records, pay debts in the right order, and distribute assets according to the will — or the law if there isn’t one.
6. Antique & Valuables Must Be Appraised
Many estates include antiques, artwork, jewelry, or collectibles. These should be evaluated by professionals (like us at Antique Help) to determine fair market value for tax and distribution purposes.
7. You’ll Likely Need a Team
Don’t go it alone. Executors often work with probate attorneys, accountants, real estate agents, and appraisal experts to handle everything correctly.
8. You May Need to Sell Assets
Sometimes the estate doesn’t have enough cash to cover debts or taxes, and items must be sold. This includes everything from homes to furniture to fine art.
9. It Can Be a Full-Time Job (Temporarily)
Expect to invest a lot of time. Some executors even need to take time off work, especially if there are disputes or complex assets.
10. You Can Get Paid — But It’s Complicated
Most states allow executors to take a fee, but not everyone does. If you’re also a beneficiary, family expectations can make accepting payment feel tricky.
Need Help Valuing Antiques or Managing an Estate?
At AntiqueHelp.com, we specialize in helping executors understand what they’re dealing with — especially when it comes to valuables, fine art, and family heirlooms. Please look through our site for valuable information to make your antique evaluation process easier.
