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The executor is responsible for maintaining the value of the estate. Does that includes insuring that no one removes goods before they are properly inventoried and valued?
Wiki User
∙ 13y ago
Yes. And remember that an executor has no power or authority until they have been appointed by the probate court. Once appointed, they must distribute the assets according to the provisions in the will and according to the state probate laws under the jurisdiction of the probate court. The debts of the decedent must be paid before any property is distributed.
Wiki User
∙ 13y ago
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If an estate property requires significant repairs who pays for them the estate or the person inheriting the property?
The executor is responsible for maintaining the value of the estate. That includes insuring that repairs and maintenance are done on the property. Until the property is transferred to the inheritor, it is the responsibility of the estate.
What is the purpose of sales organization?
The purpose of a sales organization includes being responsible for selling services and goods to customers or consumers. They generate revenue for the organization.
What do you mean by consumer behavior?
Consumer behavior includes the perception and decision making factors of customers. It also includes information search, attitudes, and beliefs of consumers.
The economics of governmental levels in the US includes what?
all of these!
What is the difference between CNF and FOB?
FOB = Free On Board. It's the physical geographical point at which title (and the risk of loss) transfers to the buyer from the seller. It can be the shipping point, delivery point, or any intermediary waypoint such as an ocean port on either end. The buyer is responsible for shipping charges from the FOB point onwards as well. CNF = Cost, No Insurance & Freight. The cost of the goods plus freight charges. The buyer is responsible for any insurance costs. This is usually the best way as it allows the buyer to use a local insurance carrier of his choice. See CIF below. CIF = Cost, Insurance & Freight. As above but includes insurance purchased by the shipper. Not a wise idea on international shipments as it may be difficult to file a claim. And the shipper chooses the insurance carrier so rates are often higher.
Can my sister who is executor forbid me from entering the property?
The executor is responsible for maintaining the value of the estate. That includes insuring that no one removes goods before they are properly inventoried and valued. It also insures that no one gets something without letting anyone else get a chance.
Is an executor responsible for anything missing from an estate property?
The executor has the responsible to maintain the estate. That includes keeping the property safe.
If an estate property requires significant repairs who pays for them the estate or the person inheriting the property?
The executor is responsible for maintaining the value of the estate. That includes insuring that repairs and maintenance are done on the property. Until the property is transferred to the inheritor, it is the responsibility of the estate.
What can you do when all heirs to an estate are willing to sell the property except for one and he is the executor of the estate?
The executor is the person responsible for the estate. That includes making sure the property is sold for a proper amount.
Can an executor of a will charge rent utilities and sewerage and taxes?
Yes, the executor can charge some living on the estate property rent and utilities. They are responsible for the assets, which includes the property and any income it can generate. The assets will then be used to settle debts and be distributed according to the will.
Is it the landlord responsiblity's to provide salt?
No, it is not the landlords responsibility. Tenants are responsible for the upkeep of property they are leasing. This includes maintaining the grounds and ensuring safety precautions are adhered to.
Does an executor have to pay old medical bills in TX?
The executor's job is to settle the estate. That includes resolving all of the estate's bills, from the estate, not their own pocket.
Can the benificaries who is under aged kick the executor out of the house?
The beneficiaries, particularly minors, do not have the authority to do so. The executor has the responsibility to take care of the estate. That includes the property and who lives there.
Is trying to remove an executor from a will considered contesting the will?
Yes, if you are trying to remove the executor who is named in the Will. When the testator includes language that heirs must not contest the Will she intends that her wishes be followed including her choice as executor. However, there may be more details so you should consult with an attorney before acting.Yes, if you are trying to remove the executor who is named in the Will. When the testator includes language that heirs must not contest the Will she intends that her wishes be followed including her choice as executor. However, there may be more details so you should consult with an attorney before acting.Yes, if you are trying to remove the executor who is named in the Will. When the testator includes language that heirs must not contest the Will she intends that her wishes be followed including her choice as executor. However, there may be more details so you should consult with an attorney before acting.Yes, if you are trying to remove the executor who is named in the Will. When the testator includes language that heirs must not contest the Will she intends that her wishes be followed including her choice as executor. However, there may be more details so you should consult with an attorney before acting.
What actors and actresses appeared in Maintaining Justice - 2013?
The cast of Maintaining Justice - 2013 includes: Charles McCown as Unnamed
Can a temporary executor sell belongings and or home of deceased when estate had no will?
Certainly, that is the duty of the executor, to settle the estate, which includes liquidating assets to cover debts and distribute the proceeds in accordance with state law.
If in the will the estate is to go to all six children and one of them is the executor can he sell without the others approval?
The executor of the estate has the power to settle the estate. That includes the sale of property. He does have to justify all his distributions to the court.
