Yes. An executor is the person (or persons, if there are co-executors) that you name to carry out the instructions in your will. An executor can be either a person or an organization, such as a commercial bank or law firm. Often the person chosen is a responsible child, spouse, friend, or relative.
An executor is sometimes called a personal representative. If you do not name an executor, the probate court will appoint one.
Depending on the time, interest, and abilities of the executor, one of the associated responsibilities may well be handling the estate checking account. Detailed and accurate record keeping of all transactions is very important for anyone assuming this role. In some situations, executors might decide to hire a lawyer or other professional advisor to perform this service.
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