When a loved one passes away and probate is required, the person responsible for managing the estate is either called an executor or an administrator. While these roles share many responsibilities, the way each is appointed and the authority they receive depends on whether a valid will exists. Understanding the difference between an executor and an administrator helps families navigate the probate process with greater confidence and clarity, especially when real estate or significant assets are involved.

An executor is the individual named in a will to carry out the deceased person’s wishes. Once the court validates the will and appoints the executor, they are responsible for securing assets, managing property, paying debts, communicating with beneficiaries, and distributing the estate according to the will’s instructions. Executors must follow court procedures and maintain accurate records throughout the probate process. Even with a will in place, court oversight is often still required when assets are held solely in the deceased person’s name.

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The monthly payment may seem intimidating and waiting until rates come down might appear like the safer choice. In reality though, timing the housing market is nearly impossible. In my experience, what matters most is securing the right home, in the right location, for your needs while keeping in mind that interest rates aren’t forever. That’s where the popular phrase comes in: “Marry the house, date the rate.”