Executor

What it means

An executor (sometimes called an estate trustee) is the person a will names to carry out its instructions — paying debts and taxes, gathering and distributing assets, and applying for probate if it's needed. Someone can decline the role even after being named.

Why it matters

It's a real, often time-consuming job, not just an honorary title — choosing someone willing and able to handle paperwork, deadlines, and sometimes family disagreements matters more than choosing whoever feels most flattering to ask.

Common misunderstandings

• •An executor isn't automatically the oldest child or the surviving spouse — it's whoever the will actually names, which can be anyone the will-maker chooses.
• •The role can come with real personal liability if the estate's debts and taxes aren't handled properly, which is why some estates hire a lawyer or accountant to assist.
• •More than one executor can be named to act jointly, which adds a check on any single decision but can also slow things down if they disagree.

Where you'll see it

Named directly in a will, and listed on the probate application if the estate requires one.