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executor

 
Dictionary: ex·ec·u·tor   (ĭg-zĕk'yə-tər, ĕk'sĭ-kyū'tər) pronunciation

n.
  1. A person who carries out or performs something.
  2. Law. A person who is appointed by a testator to execute the testator's will.
executorial ex·ec'u·to'ri·al (-tôr'ē-əl, -tōr'-) adj.
executorship ex·ec'u·tor·ship' n.

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Investment Dictionary: Executor
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An individual appointed to administrate the estate of a deceased person. The executor's main duty is to carry out the instructions and wishes of the deceased. The executor is appointed either by the testator of the will (the individual who makes the will) or by a court, in cases where there was no prior appointment.

Investopedia Says:
The executor is responsible for making sure all assets in the will are accounted for, along with transferring these assets to the correct party. He or she also needs to ensure that all the debts of the deceased are paid off, including any taxes. The executor is legally obligated to meet the wishes of the deceased and act in the interest of the deceased. The executor can be almost anyone but is usually a lawyer, accountant or family member, with the only restriction being that he or she must be over the age of 18 and have no prior felony convictions.

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Financial & Investment Dictionary: Executor/Executrix
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Administrator of the estate who gathers the estate assets; files the estate tax returns and final personal income tax returns, and administers the estate; pays the debts of and charges against the estate; and distributes the balance in accordance with the terms of the will. The executor's responsibility is relatively short term, one to three years, ending when estate administration is completed. An executor (executrix if a female) may be a bank trust officer, a lawyer, or a family member or trusted friend.

Business Dictionary: Executor (Executrix)
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Person designated to carry out the wishes expressed in a Will as to the administration of the Estate and the distribution of the assets in it. An executor may be a bank trust officer, a family member, or a trusted friend. Executrix is the term for a woman who fills this role.

Insurance Dictionary: Executor
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fiduciary named in a will to settle an estate of a deceased person. The executor must act as a reasonably prudent man in safeguarding that property in his care, custody, and control. Insurance coverages are available for executors. See also Fidelity Bond.

A person named in a Will to carry out its provisions for the disposition of the estate.
Example: Abel specifies in his will that his attorney shall serve as its executor. The attorney, at the appropriate time, assures that Abel's property is distributed according to the will.

Law Dictionary: Executor [Executress or Executrix]
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"a person who either expressly or by implication is appointed by a testator [one who dies leaving a will] to carry out the testator's directions concerning the dispositions he makes under his will." 285 N.E. 2d 548, 550. A male is an executor. A female is either an executress or an executrix. Compare administrator [administratrix].

Wikipedia: Executor
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An executor, in the broadest sense, is one who carries something out (in other words, one who is responsible for executing a task).

Executor (female form: sing. = executrix, pl. = executrices) is also a legal term referring to a person named by a maker of a will, or nominated by the testator, to carry out the directions of the will. Typically, the executor is the person responsible for offering the will for probate, although it is not absolutely required that he or she do so. The executor's duties also include the disbursement of property to the beneficiaries as designated in the will, obtaining information about any other potential heirs, collecting and arranging for payment of debts of the estate and approving or disapproving creditors' claims. An executor also makes sure estate taxes are calculated, necessary forms are filed and tax payments made, and in all ways assists the attorney for the estate. Also the executor makes all donations as left in bequests to charitable and other organizations as directed in the will. In most circumstances the executor is the representative of the estate for all purposes, and has the ability to sue or be sued on behalf of the estate. The executor also holds legal title to the estate property, but may not use that property for the executor's own benefit unless expressly permitted by the terms of the will.

A person who deals with a deceased person's property without proper authority is known as an executor de son tort. Such a person's actions may subsequently be ratified by the lawful executors or administrators if the actions do not contradict the substantive provisions of the deceased's will or the rights of heirs at law...

Where there is no will, a person is said to have died intestate - "without testimony". As a result, there can be no actual 'testimony' to follow, and hence there can be no executor. If there is no will or where the executors named in a will do not wish to act, an administrator of the deceased's estate may instead be appointed. The generic term for executors or administrators is personal representative.

Under Scottish law, a personal representative of any kind is referred to as an executor, using executor nominate to refer to an executor and executor dative to an administrator.

See also



Translations: Executor
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Dansk (Danish)
n. - eksekutor

Nederlands (Dutch)
executeur, execu- teur-testamentair, uitvoerder

Français (French)
n. - (Jur) exécuteur testamentaire

Deutsch (German)
n. - Testamentsvollstrecker

Ελληνική (Greek)
n. - (νομ.) εκτελεστής (διαθήκης κ.λπ.)

Italiano (Italian)
esecutore

Português (Portuguese)
n. - executor testamentário (m), realizador (m)

Русский (Russian)
душеприказчик

Español (Spanish)
n. - ejecutor, albacea, albacea testamentario

Svenska (Swedish)
n. - testamentsexekutor

中文(简体)(Chinese (Simplified))
被指定遗嘱执行者, 执行者

中文(繁體)(Chinese (Traditional))
n. - 被指定遺囑執行者, 執行者

한국어 (Korean)
n. - 유언 집행자

日本語 (Japanese)
n. - 遺言執行人

العربيه (Arabic)
‏(الاسم) منفذ الوصيه‏

עברית (Hebrew)
n. - ‮מנהל עזבון‬


 
 

 

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Dictionary. The American Heritage® Dictionary of the English Language, Fourth Edition Copyright © 2007, 2000 by Houghton Mifflin Company. Updated in 2009. Published by Houghton Mifflin Company. All rights reserved.  Read more
Investment Dictionary. Copyright ©2000, Investopedia.com - Owned and Operated by Investopedia Inc. All rights reserved.  Read more
Financial & Investment Dictionary. Dictionary of Finance and Investment Terms. Copyright © 2006 by Barron's Educational Series, Inc. All rights reserved.  Read more
Business Dictionary. Dictionary of Business Terms. Copyright © 2000 by Barron's Educational Series, Inc. All rights reserved.  Read more
Insurance Dictionary. Dictionary of Insurance Terms. Copyright © 2000 by Barron's Educational Series, Inc. All rights reserved.  Read more
Real Estate Dictionary. Dictionary of Real Estate Terms. Copyright © 2004 by Barron's Educational Series, Inc. All rights reserved.  Read more
Law Dictionary. Law Dictionary. Copyright © 2003 by Barron's Educational Series, Inc. All rights reserved.  Read more
Wikipedia. This article is licensed under the Creative Commons Attribution/Share-Alike License. It uses material from the Wikipedia article "Executor" Read more
Translations. Copyright © 2007, WizCom Technologies Ltd. All rights reserved.  Read more