What is the primary function of executor's discretion in estate management?

The primary function of executor's discretion in estate management is to make decisions about asset distribution and management. Executors are tasked with carrying out the terms of the deceased's will, which includes determining how the estate's assets are to be allocated among the beneficiaries. This discretion allows the executor to consider various factors, such as the terms of the will, the needs of the beneficiaries, and any applicable laws or regulations that govern the distribution of the estate.

The role of an executor requires a thoughtful balance between adhering to the intentions of the deceased and fulfilling the fair treatment of all beneficiaries. Executors often have to assess the value of assets, manage debts and taxes, and decide the best course of action for the estate, which can include liquidating assets, distributing them in kind, or managing them until a specific time comes for distribution.

While executors can be involved in settling disputes among heirs or appointing guardians for minors, these actions are not the primary functions related to their discretion. Instead, executing the will in accordance with its provisions remains the central duty of an executor.