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What the executor and trustee should know about the estate distributions?

Whether we talk about the Executor of the Will or Trustee of Trust, their duty is very vast regarding estate distribution after the testator or grantor's death, depending on the size and location of the estates. It becomes more complicated if you have assets with partnerships located nationally and/or internationally. Having more than one Spouse, multiple marriages, and many children living inside and outside the home country away from your estates. However, the Executor or Trustee must act honestly and diligently in any situation that is necessary and obligatory by law. An Executor or Trustee is responsible for following the legal process and distributing all assets immediately upon the person's death or, depending upon the term of the Islamic Wills or Trust agreement, as every heir becomes an immediate owner of his or her share and has the right to the property. Delaying estate distribution without any reason is the biggest Executor's or Trustee's mistake, which can violate legally and religiously. The most common duties of an Executor or Trustee include getting ready, traveling to the location of the deceased, obtaining the death certificate, being part of the burial arrangement, following probate requirements, distributing estates, being responsible to close the income and/or business tax return and resolve any follow-up issues.

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