What are the Responsibilities of an Executor or Administrator?
The duties and responsibilities of an Executor or Administrator are defined primarily by parts of the Iowa Code, the Internal Revenue Code and Court Rules. Some of these are summarized below. Opening the Estate If the decedent left a Will, it is the responsibility of the person in possession of the Will to file it with the Court. It is then the duty of the person nominated as Executor to ask the Court to probate the Will. Duties with the Court Publish or provide required legal notices . File an Inventory listing real estate and both tangible and intangible personal property. Approve or contest claims filed against the Estate. Petition the Court as necessary in the management of the Estate’s assets . File periodic and final accountings reporting receipts, expenses and distributions, if not waived by interested persons. Duties as to Property Investigate and inventory the decedent’s safe deposit box. Collect the assets of the estate. Preserve, manage and insure assets during administratio
