Managing Your Inheritance: The Importance of an Executor [] INMTEC Legal Services

Published September 14, 2023

Have you ever wondered what will happen to your estate after you pass away? That is to say, what will happen to your assets when you are no longer alive? Who will be in charge of administering and distributing them to your loved ones or heirs? Who will legally represent you? Who will be responsible for carrying out your last will and testament? Who will settle your debts, if any, and fulfill your obligations? In this article, we’ll discuss who is responsible and why it’s important. Article 2943 of the State of Guanajuato Civil Code defines an executor as the person responsible for carrying out the actions associated with the inheritance of a person who has passed away.

The executor’s duties are listed in article 2944 of the same code and include everything related to administration of the estate’s assets; for example, presentation of the will (if there is one); securing assets; preparing an inventory; rendering of accounts; paying mortuary, hereditary, and testamentary bills; and dividing and adjudicating assets among heirs and beneficiaries. In addition, executors are responsible for legal representation of the deceased both inside and outside the courtroom, including issues associated with the validity of the will and representing the estate in any lawsuits that may be filed in the name of the deceased, as well as those filed against him or her.

Considering all these responsibilities, we can see that the executor of an estate is the person responsible for legally representing someone who has passed away, along with executing the deceased’s will and testament, taking all the necessary steps administering the assets that the deceased has left at the time of his/her death, payment of debts and obligations, and finally, distributing and awarding to the heirs the assets that by right may correspond to them.

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INMTEC Legal Services.

San Miguel Allende, Gto.

info@inmtec.net

Office 415-121-9005

INMTEC SERVICIOS LEGALES is a bilingual legal firm, offering legal advice, in Real Estate, Labor, Family and Corporate Matters, also counting with immigration procedures, as well as Litigation in Civil, Commercial, Criminal, Administrative and Tax Law. Our attorneys have four decades of experience in all the branches mentioned earlier. We focus on our clients with Enthusiasm showing great Interest, Professionalism, and Attention, reflecting these in your case, which likewise is done with efficiency and great performance. Making your experience with INMTEC SERVICIOS LEGALES pleasant and with the expected results. INMTEC SERVICIOS LEGALS offers offices in San Miguel de Allene and Mexico City, which are deserving of our clients and have the best technology and infrastructure to give our clients security and comfort during their process with INMTEC SERVICIOS LEGALES.

At your service Ing. Angel Marín Díaz, President and C.E.O. INMTEC SERVICIOS LEGALES S.A. by C.V Lic. Edgar Rayas Bautista Managing Director INMTEC SERVICIOS LEGALES S.A. by C.V

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