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Can a executor change a will and split it 5050 with anouther person when the will does not state that?
Wiki User
∙ 15y ago
No. Executors must carry out the terms of the will as they are written with this exception: The beneficiaries may agree amongst themselves to divide the estate in a manner other than that in the will. This is just recognition of the fact that people can make gifts as they see fit. This does not give an executor power to do that. The beneficiaries do it and instruct the executor to make the distribution the way they want to.
Wiki User
∙ 15y ago
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In the state of NJ if there are 5 executors do they split the executor fee or is each paid a separate fee?
In New Jersey, 1% of the estate is added to the usual percentages for one executor for each additional executor. They split the total commission equally unless there is an agreement among them to split it in some other proportion. In an estate of about $100,000, the usual commission is 5% for one executor. If there are two executors, the commission would be 6%, with each entitled to 3% unless they agree to a different split. This answer is for informational purposes only and not to be taken as legal advice.
Who signs for the sale of a house to be split between the 3 heirs when one of the heirs is the executor only the executor or all 3 heirs?
The executor has the Letter of Authority to conduct the sale. No one else has to be involved.
Can a executor sell the home in the will if it is split with another family member?
The executor of the will has the ability to sell property of the estate. They may have to in order to pay off the debts of the deceased. The value of the property after the debts are cleared would be split between the family members.
What is term stock split?
Stock split means to increase the existing number of shares to more shares for example if a person has 10 shares and company announce stock split for 2 for 1 it means the person who has 10 shares will have now 20 shares of the same price. it doesnot change the total value of shares investment but change the value per share.
How does the attorney or executor split the money of the deceased that did not leave a beneficiary name?
They will do it according to the law. Each state or jurisdiction has a law that specifies how it is distributed.
Can a split personality have a split personality?
A person can have multiple personalities. It is the person who has the disorder and not the personalities who have the disorder.
How long does an executor of estate have to sell home in the will to be split between heirs?
There is no set time frame. They are required to do their best to get the most value for the property as possible.
Is a side split harder than a middle split?
A side split is a middle split! However, assuming that you mean a left/right split, middle splits are usually more difficult to achieve. It does vary from person to person though!
If in our mothers will her house was to be sold and the money split evenly between 5 children can the executer live in it and postpone probate for personal financial gain?
I'm no lawyer but... No, the executor has a duty to act in the interest of the deceased. You will need a lawyer to force the issue if you cannot reason with the person.
Can executor ban heir from living at estate?
If you evict him properly after consulting with landlord/tenant eviction attorney. Are you going to then sell the property and split money with the heir?
Is a bannania split a physicalchemical change?
physical
What is the past tense of the word split?
The past tense of the word "split" is "split" itself. For example, "Yesterday, I split the bill with my friends."
