What is the role of an executor?

The role of an executor is primarily to administer the estate of a deceased person according to the stipulations outlined in the will. This includes ensuring that the deceased's wishes regarding the distribution of their property are followed. The executor is responsible for gathering assets, paying debts and taxes, and ultimately distributing the remaining property to the beneficiaries named in the will.

While managing the financial affairs and overseeing life insurance policies may be part of the executor's duties, these tasks are ancillary to their central responsibility of distributing property. The executor must act in accordance with the will and ensure that everything is handled legally and appropriately. Additionally, managing a homestead exemption is typically not a responsibility of the executor, as this pertains more to property tax considerations and does not directly tie into the broader role defined by the will. Thus, the distribution of property according to the will is the key function of the executor.