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What is the difference between and executor and conservator?
A conservator is appointed by the court to manage the estate of a living person who is incapable of managing their own affairs. An executor is appointed by the court to settle the estate of a person who died leaving a will.
What are individual trusts?
Individual trusts act in several capacities including executor, administrator, trustee, guardian, conservator, custodian, and conservator in lunacy
Can the conservator be the executor if executoe is deceased?
That will depend on the probate court. The individual could be appointed as the new executor. Or the court could appoint another neutral party.
If the executor of a will dies would that person's next of kin automatically become the executor?
No. If the executor dies the court must appoint a new executor.
Can the executor change any legal information or bank information if the person is considered incompetent?
The executor has no power over a living person. They could be appointed conservator by the courts and have the ability to do so. The executor is only appointed after the death of the testator.
What if the executor of a will was put in jail for a felony conviction does the secondary executor listed in the will automatically become the executor?
No one automatically becomes an executor. The executor must be appointed by the court. The first executor will need to be removed by the court and a successor must be appointed. However, the court will do nothing until a petition is filed requesting the changes.
Is the executor entitled to the whole estate?
That depends on the wording of the will. Being executor does not automatically give you a right to the estate.
Can a sibling appointed as an executor move the parent to a different care facility without consenting the other siblings?
The executor of an estate has no power while the individual is still living. If they have been appointed as conservator of the person, they may move them.
If the executor of an estate doesn't fulfill his duties because they can't be bothered with it does the 2nd executor automatically take over If so what if 1st decides they want to again?
The court issues a letter of authority to the executor. If they haven't applied or decline it, they are not on the letter.
What documents do beneficiaries automatically receive?
They do not automatically receive anything. In some cases, the executor will not have to provide information to the family. They can obtain copies of anything filed with the court.
Is the oldest child normally executor of estate?
No, the oldest child is not automatically designated as the executor of an estate. The executor is typically chosen by the individual in their will or appointed by the court based on state laws. It is important to select an executor who is capable of handling the responsibilities involved.
Does hermetically sealed transformer have a conservator?
no,hermetical transformers do not have conservator.
