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Does an executor have to provide a copy of the Will and an accounting of the funds to the beneficiaries of the estate?
Wiki User
∙ 13y ago
First remember that an executor has no power or authority until they have been appointed by the probate court. Once appointed they must file an inventory of the decedent's assets with the court. Eventually they must also file an account to notify the court of the disposition of all the assets reported in the inventory. The final account will show the costs of the administration of the estate, payment of all the debts and payment of all legacies.
Once a will has been filed for probate it becomes a public record. The heirs can visit the court at any time and request to see the case file and thereby monitor the activity of the executor. Everything the executor has filed will be in that case file and you can request copies of any document. The executor cannot keep secrets from the beneficiaries. A secretive executor sends up a red flag and they should be monitored closely. They can be reported to the court for mishandling the estate and they can be removed and replaced.
The beneficiaries have the right to know if the estate was handled properly, that all the filings in the probate file are accurate and no property is wasted or unaccounted for.
Wiki User
∙ 11y ago
Wiki User
∙ 13y agoThere is no good reason for the executor not to supply such information. Professional executors would provide such material as a matter of course. Once a will has been filed for probate it becomes a public record. You can visit the court in the jurisdiction where the decedent died and check to see if the will has been filed for probate. By doing that yourself, you can find answers for both of your questions. If a will has been filed you can request the file and review its contents.
Wiki User
∙ 15y agoGenerally no. Generally the executor must file a final account. If the estate takes longer to settle then an account is generally filed each year. You would need to check the laws of your state.
Wiki User
∙ 14y agoYes. The executor must account for all the property that came into their possession and where it all went.
Wiki User
∙ 8y agoIt is not a legal requirement. However, that information is readily available from the court where the probate was filed. You can obtain copies by mail or in person.
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What is Alabama state law on the power of Executor over the beneficiaries?
The executor has no power over the beneficiaries. The executor is responsible to the probate court for the administration of the estate. They must make a full accounting to the court.
Can the beneficiaries remove an executor of an estate for refusing to supply accounting?
It is possible. You need to contact an attorney to file a motion with the court.
Does the executor receive the estate in the UK?
No, the beneficiaries receive the estate. An executor could be a beneficiary
Does the Executor answer to the beneficiaries?
The executor should operate in the estate's best interests.
Does the executor fee continue as long as the estate has property?
Yes. As long as the estate is open the executor has a right to the executor's fee. However, they cannot dally. The estate must be handled with expediency or the beneficiaries should complain the the court.Yes. As long as the estate is open the executor has a right to the executor's fee. However, they cannot dally. The estate must be handled with expediency or the beneficiaries should complain the the court.Yes. As long as the estate is open the executor has a right to the executor's fee. However, they cannot dally. The estate must be handled with expediency or the beneficiaries should complain the the court.Yes. As long as the estate is open the executor has a right to the executor's fee. However, they cannot dally. The estate must be handled with expediency or the beneficiaries should complain the the court.
You have an executor who has been advised of a parcel of shares by the beneficiaries and has changed them into their name but will not distribute the proceeds nor talk to the beneficiaries what can we?
You can report the behavior of the executor to the court and request they be replaced. The executor should be available to the beneficiaries and should provide answers to any questions about the execution of the estate. If they will not distribute the proceeds they should provide an explanation. Perhaps it is too soon. If so, they should explain the timetable for distribution. You should call the attorney who is handling the estate for an explanation.
Do you have to file for dismissal from being executor?
You have to file with the court that appointed you. And provide a full accounting of the estate to that point.
Can a house be emptied by an executor before the will is read?
There is no formal reading of the will. The executor must inventory and value all assets of the estate. They have to provide an accounting to the court.
If executor reuses to settle an estate what can you do?
Consult a probate attorney in your area. You can ask the court to appoint a new executor. They will have to provide a complete accounting to the court.
Do you have to be a resident of the state of NC to be executor of an estate of a parent?
There are no residency requirements for being executor. The beneficiaries do have to be citizens of the US.
Do heirs in New Jersey have a right to see the bank records of an estate if the executor will not provide the information?
Certainly. The records have to be filed with the court and they are a matter of public record. The heirs may wish to hire their own attorney if they don't feel the executor is doing a proper job. They can petition the court to have the executor removed as well.
If an executor of a Will inform beneficiaries of the contents b4 the testator is deceased and this leads to pressure on the executor or on the other beneficiaries to do deals what does this mean?
The executor is breaching their duties. They have no control over the estate prior to the testator's death.
