0
Can the executor of a will force you to take money instead of property even though you are named in will to receive equal shares of property.?
Wiki User
∙ 11y ago
It is certainly a possibility. The property may have to be sold to settle all the debts.
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
When does the executor receive their fee before the people in the will designated to receive their shares?
The payment of the executor comes before the distribution. They have a claim against the estate and most courts allow them to collect even before debtors.
Are shares real property?
Generally, (investment) shares are personal property unless you are referring to shares in real property. If three people own real property together, their shares are real property.
I am the sole executor of my mother's estate in TN and want to know if an heir has any authority to decide who receives what of the personal property the will just states equal shares to the heirs?
An heir does not have any authority over the distribution under a will. Once the estate has been filed for probate the executor is provided with that authority by the court. The executor can take suggestions about how the personal property should be divided and should take care to set personal feelings aside and be fair about the distribution. However, making the distribution of the estate is the executor's legal responsibility.
Can an executor remove property before probate?
The named executor or family can secure the property and must immediately file the will and commence the probate procedure. Until appointed by the court, an executor has no legal authority over the estate. If necessary, there is en expedited process by which a temporary executor can be appointed by the court until the executor can be appointed.
Does the executor have the right to vote the shares of stock of the corporation for decedent?
The executor has a duty to preserve the estate. That would include voting the stock to what they believe is in the best interests of the estate.
Are shares personal property?
Yes
What to do with a will when someone dies?
You must first be certain that what you have is the original (and not a copy) of the Will and that this is the LAST version of the person's Will. The Will usually appoints an executor who is responsible for carrying out what the Will sets out. The Will should be given to the executor(s) along with the death certificate and all the information you can find relating to the persons bank accounts, shares and property holdings (all that the deceased owned). The executor(s) will then prove the Will in a court of probate and once that has been done and any outstanding taxes and debts have been settled, they will distribute the estate (the dead persons property) as the Will instructed.
Would shares be personal property?
Yes.Yes.Yes.Yes.
What is redeemable shares?
These are special shares that you get with ordinary shares from some companies, which they buy back off you at a price instead of paying a dividend.
What is difference between Cash dividend and share repurchase?
A cash dividend is a distribution of money from a company's profits to its shareholders on a per-share basis. Shareholders receive the dividend in cash, which they can choose to reinvest or use as they wish. On the other hand, share repurchase is when a company buys back its own shares from the market, reducing the number of outstanding shares. This can increase the value of the remaining shares, as well as potentially benefit shareholders through capital gains if they choose to sell their shares back to the company.
Why at all somebody invests in non cumulative preference shares instead of in cumulative preference shares?
The question is not answered
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.
