Mistakes executors commonly make
Handling assets incorrectly.
Different assets require different steps. Financial accounts may need to be closed immediately. Real property has to be secured and maintained. Getting this wrong early causes problems throughout.
Categorizing assets incorrectly.
Not everything goes through probate. Assets in a trust, accounts with named beneficiaries, and certain jointly held property typically bypass probate. Treating them as probate assets wastes time and money.
Failing to notify creditors properly
Every known creditor must be personally notified. Unknown creditors require a public notice in a local newspaper. Skipping this step can expose you to personal liability.
Distributing assets too soon.
If the estate can’t cover both creditor claims and beneficiary distributions, creditors must be paid first. Distributing to beneficiaries first can make you personally liable for what’s left unpaid.
Poor communication with beneficiaries.
You’re not legally required to keep beneficiaries informed — but failing to do so often leads to conflict and costly litigation. Everyone is grieving. Staying in contact matters.
If you fail to follow the will’s instructions to the letter, you can be held personally and legally responsible — even if the errors were unintentional.