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Do you have to be a resident of the state of NC to be executor of an estate of a parent?
Wiki User
∙ 10y ago
There are no residency requirements for being executor. The beneficiaries do have to be citizens of the US.
Wiki User
∙ 9y ago
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Does the appointed Executor need to be a resident of state where Will is probated?
It is not a requirement in most cases. The state may require a bond for the executor.
Can a son in Missouri be executor for estate of parents in Illinois?
I can answer my own question now that I have spoken with a lawyer in Illinois. The answer is yes, I can be the executor of my parent's estate, even though I live out-of-state. Thanks for this forum.
Can you stipulate in California that the state be the executor of your estate?
The state won't do it, but the court will appoint a neutral party do be the executor.
Does an executor have full control of how the estate is divided if there is no will?
The executor has no control over how the estate is divided. Each state has laws on how the property is divided when there is no will.
Can a executor of an estate sell property without the permission of the heirs?
First, the executor must be appointed by the court. The executor must dispose of the estate assets according to the provisions in the Will. It is common for the power to sell real estate to be granted in the Will. If not, then generally, the executor must obtain a license from the court. In some states the executor has inherent power to sell real estate. Generally, the executor does not need permission from the beneficiaries to act. They derive their authority by their court appointment and under state laws that vary from state to state.
Can the executor of a will receive the sale oroceeds from a residuary estate before the distribution of the estate's assets?
Yes. It is the executor who makes the distribution and then closes the estate according to the provisions of state law. Therefore the proceeds must be taken into the estate.Yes. It is the executor who makes the distribution and then closes the estate according to the provisions of state law. Therefore the proceeds must be taken into the estate.Yes. It is the executor who makes the distribution and then closes the estate according to the provisions of state law. Therefore the proceeds must be taken into the estate.Yes. It is the executor who makes the distribution and then closes the estate according to the provisions of state law. Therefore the proceeds must be taken into the estate.
What is the executor of a will?
The executor of the will is the person appointed by the court to distribute the estate according to the terms of the will and the state probate laws.
What is legal age to be an executor of an estate in New York State?
In New York State, the legal age to be an executor of an estate is 18 years old. Any adult over the age of 18 can serve as an executor to manage and distribute the assets of an estate according to the deceased's wishes.
When a parent dies and has no will who becomes the executor of the estate There are 6 aldult children and he is not married?
An Executor settles an estate when the decedent had a will. If there is no will the estate must be settled by an Administrator. Any one of the decedent's children can petition the probate court to be appointed the Administrator of a parent's estate. The property will pass to the heirs at law according to the state laws of intestacy after the debts of the estate have been paid. The Administrator settles the estate under the supervision of the court. You should consult with an attorney who specializes in probate law who can review your situation and explain your options and the costs of probate.
What if there isn't an executor assigned or a will left?
The court will appoint an executor. Each state has specific laws regarding an estate with no will.
Can an executor take cars out of state?
If the executor is in process of selling the car for the estate, I believe it would be proper for them to do that. The executor does not own it but it is their position to disperse the assets.
Can relative be an executor of your estate?
It depends on the laws of the particular state where the will is being executed concerning the executor.
