My grandfather left his estate to my dad and me. However, he never named an executor in the will. Unfortunately, dad drained most of the accounts when grandfather was on his deathbed. Now the estate is headed to probate, what happens?
The executor to a decedent’s estate is a fiduciary to the beneficiaries and to the estate. Due to this, the executor must comply with the duties that have been imposed on the fiduciary.
In New York, to ensure that the executor fulfils the duties imposed on him, the county commission takes over the role of supervising his actions.
Let us look at the role of the executor: