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Do you need to be married for a minimum time to be executor or beneficiary?
Wiki User
∙ 9y ago
Typically no
Wiki User
∙ 9y ago
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If you are the executor and co-beneficiary do you have to get signed documents from the co beneficiary to act?
If you are the sole Executor you do not need signatures from any beneficiaries.
What rights have as beneficiary in will when not the executor?
All the rights required. He or she does not need to be an executor to receive any bequest. It is the responsibility and legal duty of the executor to carry out the wishes of the deceased.
If a person leaves a house to someone in a will can the beneficiary move in right away or have to wait for the probate court to approve the will?
Not only does the beneficiary have to wait for the probate of the will, but will most likely have to wait until the executor is satisfied that the house does not need to be sold to pay any debts of the estate. Until administration of an estate is complete, the executor has the right to possession of all estate property, including the house. If the executor wants to, he/she can let the beneficiary in the house. But even there, the person appointed as executor has no power to allow that until the will has been probated. This is because that person has no power to act as an executor until the will is probated.
Does the previous executor have to be notified of any changes or issue of a new will if a new will is written does the executor who is also a beneficiary need to be advised in writing?
There is no reason to inform anyone. It isn't any of their business who is named in the will.
Does executor of estate have right to keep house?
As the executor of an estate, you are responsible for executing the wishes outlined in the deceased person's will. If the will specifies that the house goes to a specific beneficiary, then you must follow those instructions. If there are no specific instructions, you may need to sell the house and distribute the proceeds according to the will or laws of the state.
Can i take a death certificate to a bank and retrieve money from the deceases' account?
No. You need proof that you are the executor of the estate.
Can an executor charge beneficiary for duties?
It's both reasonable and customary for executors to receive some compensation for their services, particularly if they're not close family or friends of the deceased. Normally they wouldn't bill the beneficiary, they'd simply deduct their fees and expenses from the proceeds of the estate. Executor's fees are set by statute in most jurisdictions.
What happens when the executor dies before the distribution to the beneficiary and the beneficiary dies and has no heirs?
You need to speak with the attorney who is handling the estate. There are many variables in your situation that must be reviewed by an attorney.The court would need to appoint a new executor. The timing of the death of the beneficiary would dictate where the property will go. If the named beneficiary died prior to the testator then the property will remain in the testator's estate and be distributed as intestate property to the heirs-at-law of the testator. If the beneficary died after the testator died then the property is in the beneficiary's estate. That estate would need to be probated and any intestate property would 'escheat' to the state if there are no heirs-at-law. If the beneficiary has a will, the property would pass according to the will once it has been probated.You can check the laws of intestacy for your state at the related question link provided below.
In Florida concerning the payment to a beneficiary of a large account with two beneficiaries do both beneficiaries need be present together for one to withdraw their share of the funds?
No, the executor can pay them separately.
When a person dies and has life insurance is there a way to find out how much money was left to the beneficiary if you are not the beneficiary?
I believe if you are the personal representative or executor of the will you would need to contact the life company providing them with original death certificate and probate papers and you ought to be able to find the worth out
What percentage does an executor get paid?
The executor receives a statutory percentage of the assets for performing their duties. They are paid before any bequests are paid. You would need to check your state probate code for the amount allowed in your state.
Can a relative get funds from a deceased relative if they have a death certificate?
No, the relative would need to be included in the will, be named as a beneficiary or power of attorney, or be owed money by the estate. The executor of the estate will be in touch if any funds are available.
