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As long as it takes. Not trying to be flippant, but each estate is different and there is no legal limit. The executor has to make regular reports to the court to demonstrate movement.
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∙ 12y ago
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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?
There are no residency requirements for being executor. The beneficiaries do have to be citizens of the US.
What should you do if the named executor who is also the main beneficiary is not acting in the best interest of the other heirs?
Either renounce or administer the estate or pay a professional to deal with the matter and the fees would be met from the estate. It is up to the executor to decide. If the exector decides to administer the estate, he or she can be paid a fee (amount varies by state and county). The executor is not a beneficiary and the beneficiary is not the executor. The beneficiaries really have no say as to what the executor should do (i.e., adminster estate, hire attorney to represent estate, or renounce). The executor has a sworn duty to administer the estate in accordance with the deceased's will and the laws of the state and county of probate.
What a Executive of a estate?
An executor (not executive) is the person who has the authority to administer the decedent's estate. He/She is appointed by a court with probate jurisdiction. He/She is usually appointed in the decedent's Will.
As executor can you deduct personal expenses to administer an estate from your personal taxes?
Not if they are reimbursed from the estate. If not, they may be eligible to be credited against the inheritance income.
How much can you charge for an Executor fee in WV?
A maximum of 5%, but that can be contested by beneficiaries if they are under the impression the estate did not require a lot of work to administer.
What does it mean to be the executor and a heir?
It means they are responsible to administer the estate. They will also receive some of the estate as an heir.
Does the executor fee continue as long as the estate has property?
Yes. As long as the estate is open the executor has a right to the executor's fee. However, they cannot dally. The estate must be handled with expediency or the beneficiaries should complain the the court.Yes. As long as the estate is open the executor has a right to the executor's fee. However, they cannot dally. The estate must be handled with expediency or the beneficiaries should complain the the court.Yes. As long as the estate is open the executor has a right to the executor's fee. However, they cannot dally. The estate must be handled with expediency or the beneficiaries should complain the the court.Yes. As long as the estate is open the executor has a right to the executor's fee. However, they cannot dally. The estate must be handled with expediency or the beneficiaries should complain the the court.
How long does it take to read a will by the executor?
i think it depends on how long the will is...
Can you take civil action against an executor?
As long as your question is referring to the executor of a will, than the answer to your question is yes.
Can you cash an inheritance check and still sue the executor?
Yes. You can sue as long as you have a valid complaint against the executor.
Can i become executor of an estate after my father's death?
There is no reason you cannot become executor of an estate as long as the court agrees. As long as you are 18 or older, you can serve in that capacity.
What does Issuance Of Letters Testamentary mean?
Issuance of Letters Testamentary is a legal document issued by the court that authorizes the executor or personal representative to administer the estate of a deceased person according to their will. It gives the executor the legal authority to manage the deceased person's assets and carry out their wishes as outlined in the will.
