What is an executor?

A “Personal Representative” in some states called an “executor,” has broad powers to administer and distribute your property after your death. The individual is named in your will and would obviously be someone you trust. Sometimes an attorney is selected as a personal representative since they have no stake in the proceeds of the estate. Colorado allows for reasonable expenses and compensation be paid to the executor. Your will specifies how much if any expenses and compensation the executor is permitted.

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