No, but if you are naming someone else it certainly would help both parties to be informed in the event of your demise. Sorting out a person's affairs is difficult enough without having to cope with a power struggle.
Depends on the case. In the irrevocable trust or a trust after the person dies neither are revocable. If the executor doesnt act properly they can be removed by a judge. Once all of the funds are giving out of the will there is no longer a executor.
The executor must resign in writing or be removed by the court and the court must appoint a successor.
Yes, accepting the role is 100% voluntary.United StatesYes. The named executor can file a declination and the court will appoint another person as executor. Once appointed an executor can file a resignation if they cannot continue as executor.
Yes. You can appoint the same person as your executor in your will even if that person has been appointed by someone else as their executor in their will.
Yes. No one can force you to be executor, even if they name you as executor in their will. In the event the person named as executor declines, the probate court can appoint a new executor instead.
You have to buy the property from someone. And the only person that can sell it is the executor.
Executor is a legal term for a person responsible for carrying out the terms of a person's last will. "The executor delivered the jeweled pin to the niece named in the will."
No. If the executor dies the court must appoint a new executor.
No. The testator is the person who makes a Will.The executor is the person named in a Will as the person who will settle the estate according to the provisions in the Will after the death of the testator. The executor must submit the Will for probate and petition for appointment by the court.
If the person has died, if you are beneficiary, the executor is required to notify you. If they are still alive, the only way is to ask them. There is no requirement that they tell you!
It depends on whether the person is living or dead. A power of attorney represents a living person. After their death, the power of attorney is no longer valid. Then the Executor takes over.
Assuming the person who made the will is still alive, he/she can do another will or do a codicil to that will that changes the executor to someone else. If the person who made the will is dead, he/she cannot change the executor. Obviously.