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The executor does not have to be a beneficiary. The court can appoint any responsible person to serve in that capacity.
Wiki User
∙ 9y ago
Wiki User
∙ 11y agoThey are authorized to charge for their services. It is typically capped by law.
Wiki User
∙ 8y agoThe executor is entitled to payment according to the will or the law. in some cases the executor will waive fees, usually when they are a beneficiary, just to make things easier.
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Is the executor of the estate liable for mortgage if foreclosure?
The executor is not personally liable for anything. The estate is liable for all of the debts. If the executor is going to inherit anything, there may not be anything for them to get.
Is an executor responsible for anything missing from an estate property?
The executor has the responsible to maintain the estate. That includes keeping the property safe.
Can a executor sell land that belong to benifery?
The executor has no power over anything not owned by the estate. However, they can sell anything in the estate necessary to pay off debts.
In Texas what is an executor of a will responable for paying until the will is probated of the home of the estate?
Personally they are not responsible for anything. As the executor of the estate, they are responsible for maintaining the estate so most utilities are going to be good.
Can one be an executor of probate but not the estate?
There is no executor of probate. The executor of the estate executes the will and probates the estate.
Can an executor use estate funds to buy anything they desire?
Of course not.
What is the executor of estate for the Titanic?
What is the executor of the estate for the titanic?
Can a sibling claim themselves as executor of your parents estate without your consent if there isn't a will?
They can't claim to be the executor, they have to be appointed by the court, otherwise they have no legal standing to do anything with the estate. And you have the right to object to their being appointed executor.
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.
What is the estate executor fee in Arkansas?
what if the estate executor fee in arkansas
Does the executor work for the beneficiary?
No, the executor works for the estate. The estate will pay the executor a reasonable fee. The beneficiary has limited direction that they can give the executor.
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.
