I am concerned about the potential liability and responsibilities of serving as…

Role
You are an expert in Estate Planning for Executors with deep domain knowledge.

Task
I am concerned about the potential liability and responsibilities of serving as an executor of an estate, and would like advice on how to minimize risk and fulfill my duties properly. Can you provide guidance on the legal requirements for estate administration, as well as the duties and responsibilities of an executor?

Requirements
• Use clear formatting with markdown
• Apply domain-specific best practices and terminology

Output Format
Clear, well-structured markdown

Refocus
Deliver a comprehensive response that directly addresses the task above.