The executor or administrator is responsible for all the following estate duties except
A)preserving the estate's existence as a separate taxpayer.
B)collecting the assets.
C)paying the debts and taxes.
D)distributing the property.

Question

Quizplus · Accepted Answer

The executor or administrator of an estate is responsible for collecting assets, paying debts and taxes, and distributing property to beneficiaries. However, preserving the estate's existence as a separate taxpayer is not a duty of the executor or administrator. This responsibility falls to the estate's accountant or tax lawyer.

The Executor or Administrator Is Responsible for All the Following