Responsibilities of an Executor
Major Responsibilities of an Executor to an Estate
An executor of an estate is a person named by the court to administer the estate of a deceased person. This person is responsible for following the wishes of the deceased, paying taxes, and protecting the estate from loss. These duties are often complex and may require the help of a professional.
Managing the Estate
An executor must determine the value of the assets of the deceased. It is important to account for these assets and protect them for the benefit of the heirs. If an executor does not properly manage the estate, they could be liable for the loss of the assets.
Tax Returns
An executor is also responsible for the preparation of appropriate tax returns for the estate. This involves filing the proper forms and determining the appropriate amount of income taxes to be paid.
Hiring a professional
A good way to ensure that the estate’s taxes are filed correctly is to hire an accountant or estate administration professional. There is a fee for this service.
The estate administrator should communicate with the beneficiaries of the estate. This can include contacting potential heirs. In some cases, an executor will need to notify businesses or organizations about the decedent’s death.
Documentation
As an executor, it is important to keep all estate documentation and records organized. This includes an inventory of all the property in the estate. The executor must also maintain insurance and other necessary items for the protection of the estate.
In addition to handling the assets of the deceased, an executor is also responsible for ensuring the estate pays its debts. Credit card bills, personal loans, outstanding taxes, and other debts are considered debts of the estate.
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Salt Lake City
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Salt Lake City, Utah
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City of Salt Lake City[1] | |
![]() Clockwise from top: The skyline in July 2011, Utah State Capitol, TRAX, Union Pacific Depot, the Block U, the City-County Building, and the Salt Lake Temple
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Nickname:
“The Crossroads of the West”
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![]() Interactive map of Salt Lake City
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Coordinates: 40°45′39″N 111°53′28″WCoordinates: 40°45′39″N 111°53′28″W | |
Country | ![]() |
State | Utah |
County | Salt Lake |
Platted | 1857[2] |
Named for | Great Salt Lake |
Government
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• Type | Strong Mayor–council |
• Mayor | Erin Mendenhall (D) |
Area | |
• City | 110.81 sq mi (286.99 km2) |
• Land | 110.34 sq mi (285.77 km2) |
• Water | 0.47 sq mi (1.22 km2) |
Elevation
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4,327 ft (1,288 m) |
Population | |
• City | 200,133 |
• Rank | 122nd in the United States 1st in Utah |
• Density | 1,797.52/sq mi (701.84/km2) |
• Urban
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1,021,243 (US: 42nd) |
• Metro
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1,257,936 (US: 47th) |
• CSA
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2,606,548 (US: 22nd) |
Demonym | Salt Laker[5] |
Time zone | UTC−7 (Mountain) |
• Summer (DST) | UTC−6 |
ZIP Codes | |
Area codes | 801, 385 |
FIPS code | 49-67000[7] |
GNIS feature ID | 1454997[8] |
Major airport | Salt Lake City International Airport |
Website | Salt Lake City Government |
Salt Lake City (often shortened to Salt Lake and abbreviated as SLC) is the capital and most populous city of Utah, as well as the seat of Salt Lake County, the most populous county in Utah. With a population of 200,133 in 2020,[10] the city is the core of the Salt Lake City metropolitan area, which had a population of 1,257,936 at the 2020 census. Salt Lake City is further situated within a larger metropolis known as the Salt Lake City–Ogden–Provo Combined Statistical Area, a corridor of contiguous urban and suburban development stretched along a 120-mile (190 km) segment of the Wasatch Front, comprising a population of 2,606,548 (as of 2018 estimates),[11] making it the 22nd largest in the nation. It is also the central core of the larger of only two major urban areas located within the Great Basin (the other being Reno, Nevada).
Salt Lake City was founded July 24, 1847, by early pioneer settlers, led by Brigham Young, who were seeking to escape persecution they had experienced while living farther east. The Mormon pioneers, as they would come to be known, entered a semi-arid valley and immediately began planning and building an extensive irrigation network which could feed the population and foster future growth. Salt Lake City’s street grid system is based on a standard compass grid plan, with the southeast corner of Temple Square (the area containing the Salt Lake Temple in downtown Salt Lake City) serving as the origin of the Salt Lake meridian. Owing to its proximity to the Great Salt Lake, the city was originally named Great Salt Lake City. In 1868, the word “Great” was dropped from the city’s name.[12]
Immigration of international members of The Church of Jesus Christ of Latter-day Saints, mining booms, and the construction of the first transcontinental railroad initially brought economic growth, and the city was nicknamed “The Crossroads of the West”. It was traversed by the Lincoln Highway, the first transcontinental highway, in 1913. Two major cross-country freeways, I-15 and I-80, now intersect in the city. The city also has a belt route, I-215.
Salt Lake City has developed a strong tourist industry based primarily on skiing and outdoor recreation. It hosted the 2002 Winter Olympics. It is known for its politically progressive and diverse culture, which stands at contrast with the rest of the state’s conservative leanings.[13] It is home to a significant LGBT community and hosts the annual Utah Pride Festival.[14] It is the industrial banking center of the United States.[15] Salt Lake City and the surrounding area are also the location of several institutions of higher education including the state’s flagship research school, the University of Utah. Sustained drought in Utah has more recently strained Salt Lake City’s water security and caused the Great Salt Lake level drop to record low levels,[16][17] and impacting the state’s economy, of which the Wasatch Front area anchored by Salt Lake City constitutes 80%.[18]
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