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A person appoints a child as executor of the estate. is executor of estate required to list assets after that person dies?
Wiki User
∙ 9y ago
That is one of the duties of the executor. They have to inventory the assets and debts of the estate. Then they will be able to liquidate the debts and distribute the assets.
Wiki User
∙ 9y ago
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What happens to the assets due to an executor if the executor of a will dies?
They become part of his estate. The executor of his estate would file the claim against the first estate.
Can the inheritors force the executor to sell assets?
No, they cannot force the executor to sell assets. The executor is responsible for closing out the estate and settling debts. Then the distribute the assets.
Who will be the executor of the estate if both parents die and there is no will?
Whomever the probate court appoints.
Is the executor responsible for distributing inheritance?
That is the job of the executor. To distribute the estate and liquidate the assets.
Can you cash bonds if sister named executor?
Only the executor has the authority to liquidate assets of the estate.
How do you sell stock of deceased parent?
The executor of the estate is able to sell assets of the estate.
Am I required to pay my deceased father's bills?
You do not have to do it out of your pocket. If you are the executor of the estate, yes, insomuch as there are assets to pay them with. If the debts exceed the assets, there are some people who will not get paid, including the beneficiaries.
What is the fee an executor of an estate receives in British Columbia Canada?
The Executor can receive up to 5% of the estate assets, followed by 5% of the income the estate produces.
How does the power of attorney assign an executor to and estate?
A Power of Attorney is extinguished when the principal dies. The attorney-in-fact has no power to do anything. The probate court appoints the executor or administrator for the estate.
Who pays taxes on estate that is controlled by the executor?
The executor of an estate uses the assets of the estate to pay any taxes or other debts owed by that estate. If it should turn out that the taxes owed exceed the value of the estate, then the executor pays as much as the estate consists of, after which there is no longer an estate.
Can an executor be arrested for not paying the debtors?
The executor is responsible for the settling of the debts of the estate. They are to use the assets of the estate to do so. If there are not enough assets, the debtors don't get paid. Unless they have committed fraud, there is nothing to arrest them for.
Can an executor of an estate be forced to sell stocks?
If the stocks are part of the estate's assets and there is a legitimate reason for selling them, such as to pay off debts or distribute assets to beneficiaries, then yes, the executor can be required to sell the stocks as part of their responsibilities. However, the specific requirements and circumstances may depend on the laws governing estates in the relevant jurisdiction and the terms of the will or estate plan. It is advisable to consult with a probate attorney for guidance in such situations.
