Estates
An executor's first 30 days
What to do first, what can wait, and when it's time to call a lawyer.
Being named executor usually comes as a surprise, and it arrives at the worst possible time. The good news is that very little has to happen in the first week. Here's what does, and what can wait.
The first week
Find the original will, secure the home and any vehicles, and let the bank know about the death so accounts can be frozen. Keep receipts for anything you pay.
Within a month
Make a list of assets and debts, cancel recurring bills, and decide whether you'll need to apply for a grant of probate. Most estates with real estate or larger bank balances do.
You don't have to do this alone, and you can pay for legal help from the estate.
When to call a lawyer
Call early if a family member is unhappy with the will, if there's a business involved, or if the debts may be larger than the assets.