What are the responsibilities of an executor? Check all that apply.

paying any taxes that are due on the estate
taking inventory of the property and belongings
appraising and distributing the deceased person’s assets
settling any debts that are owed by the deceased
inheriting assets named in a will if the first choice cannot
acting on someone’s behalf if he or she becomes sick or injured

Answer :

The responsibilities of an executor include-

  1. paying any taxes that are due on the estate
  2. taking inventory of the property and belongings
  3. appraising and distributing the deceased person’s assets
  4. settling any debts that are owed by the deceased.

What is an asset?

Any resource that a company or other economic body owns or controls is considered to be an asset. Assets indicate ownership value that may be sold for money.

An executor helps to pay due taxes, record an inventory of the deceased person's as well as their assets, and manage his debts.

Learn more about assets, here:

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