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Named Executor in Louisiana? What Are Your Complex Duties?

Being named the executor of an estate in Louisiana is a significant responsibility, often bestowed upon a trusted family member or close friend. While it may seem like an honor, the role comes with a complex array of duties, legal obligations, and potential liabilities. In Louisiana, the term "executor" is commonly used, but the legal term for this appointed individual is often a "Succession Representative" or "Administrator" (if there's no will) or "Testamentary Executor" (if there is a will). This guide aims to provide a clear, actionable understanding of these duties, ensuring you navigate the process effectively and responsibly. Understanding Your Role: The Fiduciary Duty At the heart of an executor's duties is the concept of a "fiduciary duty." This means you are legally obligated to act in the best interests of the estate and its beneficiaries, with the highest degree of honesty, loyalty, and care. You are ...