Is the executor required to reveal his Social Security number when liquidating estate holdings?
No, they should not be required to provide their SSN. Estate holdings should be liquidated using the Estate's tax number. If there isn't one, then the executor is slipping up. Worst case would be to use the SSN of the deceased. Transactions have to be associated with a tax number. * The executor/executrix/administrator of the estate (whatever the title) is required to supply his or her SSN as well as that of the deceased or the TID when making a claim for the deceased estate with an insurance company and other such matters.
If the decedent was not required to file a return then the executor is not really required to file that return. As an executor, I would suggest that you do file a tax return just so that you cannot be questioned by heirs latter for not doing so. It would not be very expensive to file the return, and it could save you lots of problems down the road.
No. They are required by law to settle an estate with expediency. If the executor, or co-executor, is delaying the distribution for no apparent reason they should be reported to the court. They can be replaced. No. They are required by law to settle an estate with expediency. If the executor, or co-executor, is delaying the distribution for no apparent reason they should be reported to the court. They can be replaced. No. They are…
The Executor is required to administer the estate according to the terms of the will. He is required to contact the beneficiaries and supply them with a copy of the will. Further, the executor is required to handle all claims against the estate, secure all property, and pays any debts the estate may have, including taxes.
What happens if the executor of an estate refuses their position and makes the next of kin executor?
The executor is required to fulfill the requirements of the will. If there is no will, they need to follow the state's rules for intestacy. The executor is entitled to compensation. They are also responsible for a full inventory of the estate, paying the taxes and filling the appropriate information with the court.
A person appoints a child as executor of the estate. is executor of estate required to list assets after that person dies?
No. By law the executor must send notification of the probate procedure. An executor, including any executor named in the will, has no authority until they have been appointed by the probate court. As part of that request to be appointed they are required by law to send notice of their request to the heirs at law and beneficiaries under the will.
Can a executor evict his sister from their late parents' home if it jeopardizes the sale of the house and there is no will?
There is no executor if there is no Will. The estate must be probated and the court must appoint an estate representative. That representative will have the power to request a license to sell the property. The representative should ask the attorney who is handling the estate how to handle the sibling who made their home with the deceased parent. The sibling has property rights and rights as a tenant.
Yes. The court will notify the original executor they have been removed although they should already be aware there are problems with their fulfillment of their duties. If they didn't request to be removed as executor then the beneficiaries requested their removal. They are required to file an account detailing their activities regarding the estate assets. The original executor does not have to be notified if the situation is one where a person during his/her…
Typically a security guard is required to know first aid and CPR. The security guard is required to respond to all emergencies. The protocols between the local EMS and security will be set up so the security guard will know the bounds and what steps to follow based on the situation. Usually, the security guard will be required to perform first aid and CPR until medical help arrives.
Can the recognized sole owner refuse to file for judgment of possession just to continue as the executor to the deceased?
If an executor as not done that liquidation and distribution account correctly can you request it to be redone?
The named executor must file the will in probate, generally within 30 days of the testator's death, and request appointment as executor. Once appointed by the court the executor will have the authority to settle the estate according to the terms of the will and the state probate laws under the supervision of the court. An executor who has not been appointed by the court has no legal power to settle an estate. The executor…
There are several reasons. First, the executor is required to collect all assets of the decedent quicjkly and this usually entails liquidating existing bank accounts and securities, which must be put into an estate account. Commonly, an estate checking account and an estate savings account are opened depending on the amount of money involved. Second, an estate account is needed, because as of the date of death, the decedent's accounts are probably frozen depending on…
No. An executor doesn't have that kind of discretion. The executor must distribute the estate according to the provisions in the will. Any property that is not distributed under the will shall pass as intestate property according to state law. The executor will be required to report back to the court on the disposition of the property by the final account. If they do any self-dealing they should be reported to the court and removed…