An Executor is appointed by the local county Probate Court to manage the distribution of assets consistent with the instructions in your Will. Executrix is the female version of an Executor.
This process of administration includes:
– Collecting all Probate Assets;
– Creating an Inventory;
– Paying all expenses (including the funeral bill, court costs, attorney’s fees, estate taxes, and creditor claims) of the Estate;
An Executor is typically compensated for his or her services. Here is a link to calculate the potential executor fee.