What It Really Means to Be an Executor, Fiduciary, or Administrator

Episode Summary:
In this episode, Michael Kelley breaks down what it truly means to serve as an executor or administrator of an estate. He explains the differences between these roles, their fiduciary duties, and the critical steps required to manage an estate responsibly. Michael outlines common challenges that catch executors off guard, from asset protection and creditor notifications to court oversight and required filings. He also shares what qualities families should look for when choosing an executor and how a well-prepared estate plan can make the job smoother and less stressful.

Key Timestamps:
00:01 – Show Introduction
01:10 – Executor vs. Administrator: What’s the Difference?
03:05 – The Primary Duties of an Executor
05:22 – Common Challenges Executors Face
07:30 – Qualities to Look for When Choosing an Executor
09:10 – How a Well-Prepared Estate Plan Makes the Job Easier
10:45 – First Steps After Being Named Executor

About the Show:
The Legacy Cast by Kelly Legacy Law helps families protect what matters most through practical estate planning strategies. Hosted by Michael Kelley, each episode covers key topics like wills, trusts, probate, and wealth transfer—empowering listeners with the knowledge to make confident legal and financial decisions for the future.