What is the responsibility of an executor concerning the collection of rents?

The executor of an estate has a fiduciary duty to manage the assets of the estate, which includes the collection of rents from properties owned by the deceased. This responsibility entails ensuring that any income generated from real estate or other assets is collected and accounted for, as it contributes to the overall value of the estate.

By collecting rents from any assets in the estate, the executor is effectively preserving the value of the estate for the beneficiaries. This includes properties that may be under lease agreements at the time of the decedent’s passing. The executor must act in the best interests of the estate, and collecting these rents is part of managing the estate’s financial health.

In contrast, the other options suggest limitations on the executor’s duty. Collecting rents only from trust properties or waiting for court approval could hinder the effective management of the estate, while stating that the executor is not required to collect rents neglects their obligation to protect and enhance the estate's assets.