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Can an executor of a will liquidate stocks before the will is probated?
Wiki User
∙ 13y ago
No. The executor has no legal authority until they have been appointed by the court at the time the will is filed for probate.
No. The executor has no legal authority until they have been appointed by the court at the time the will is filed for probate.
No. The executor has no legal authority until they have been appointed by the court at the time the will is filed for probate.
No. The executor has no legal authority until they have been appointed by the court at the time the will is filed for probate.
Wiki User
∙ 13y ago
Wiki User
∙ 12y agoIt is entirely possible that they could. If it is clear that the assets far exceed the debts, distribution can be made. They do have to document and record all of the distributions and get the court's permission.
Wiki User
∙ 13y agoNo. The executor has no legal authority until they have been appointed by the court at the time the will is filed for probate.
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What does it mean to liquidate your stocks?
When you liquidate you stocks, it simply means that you are selling all of them. The term liquidate can also be applied to businesses. When a business liquidates, they are in the process of selling everything that is under its ownership.
What is a fair or usual amount to pay an executor for a million dollar estate divided 3 ways with just the nomal things to liquidate Stocks house CDs pay all hospital and medical ect?
You need to check the laws for your state. They typically set maximum amounts for being the executor.
Are stocks part of the money supply?
Yes, stocks are part of the money supply. Because stocks are more liquid than fixed deposits of money in the bank. Large investors can liquidate large values of their stocks in seconds using their home computers and the internet. To liquidate a fix deposit such as a GIC (guaranteed investment certificate) we have to go to the bank and have it done through a banking representative. Lawrence Rodrigues
What does liquidate the existing stock?
liquidate the existing stock means to get rid of everything or to mark down the prices of everything in stock Financial assets which can be spent are known as liquid. Assets such as stocks, bonds, and mutual funds are nonliquid, and they must be liquidated (sold or cashed in) before they can be used like money. Liquidate the existing stock means to sell all the stock and convert back into money.
How is a estate distributed with stocks?
The stocks will have to be valued as of a specific date, which the executor has some ability to choose. The stocks are then sold and the amount is distributed. The stock ownership may be transferred as well.
What does it mean to liquidate something?
To liquidate is to turn something into cash or money. In financial terms liquidating assets refers to the sale of stocks or shares for cash. Many companies have liquidation sales, where the company wishes to turn all their stock at hand and tangible assets into cash.
Did Andrew Mellon say to Herbert Hoover Here's a dime call both of them?
Treasury Secretary Andrew Mellon told Herbert Hoover in 1931: Liquidate labor, liquidate stocks, liquidate the farmers, liquidate real estate. Purge the rottenness out of the system. High costs of living and high living will come down. People will work harder, live a more moral life. Values will be adjusted, and enterprising people will pick up the wrecks from less competent people.
What assets will my parents be expected to liquidate in order to obtain nursing home care?
They will be expected to liquidate cars, stocks, and other "unnecessary" assets. Retirement plans and other investments are also sometimes required. It is best to check with your state laws and possibly an attorney if your parents are well off.
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.
How do you liquidate a stock?
You can liquidate a stock by selling it in the stock market. Selling a stock in the market depends on a variety of factors. You cannot sell a normal T+3 trading stock on the very next day after you bought it. You would have to wait atleast 3 full days since you bought the share to sell it. In case of Intraday - you have to sell the shares you bought at the beginning of the day before the end of the trading day In case of BTST - Buy Today Sell Tomorrow kind of trades - You would have to liquidate the stocks that you bought today by the end of day tomorrow. Liquidating a stock means - Selling it.
Your father had stock shares in Thousand Trails Inc and has passed away how can your mother sell them?
The executor of the estate can make arrangements to sell or transfer the stocks.
How do you transfer stock when the owner is dead and left a power of attorney?
The power of attorney has no value. The probate court will have to appoint an executor for the estate, who can then transfer the stocks.
