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They have a fiduciary duty to preserve the value of the estate. A complete inventory and valuation of the assets must be completed. They must resolve debts and bills and pay all taxes due. Then they distribute the remainder according to the will or laws of intestacy. A full accounting must be provided to the court.
Wiki User
∙ 14y ago
Wiki User
∙ 14y agoOnce appointed by the probate court, the executor has the right and authority to settle the estate under the supervision of the probate court according to the terms of the will and the state laws.
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What if the executor is not the legal spouse?
Generally, an executor doesn't need to be the "legal spouse".
How long after a family death can a beneficiary sue an executor of the estate?
The will must be admitted to probate. The executor must be appointed by the court. Then, the executor must do something that violates their legal responsibilities. That could take months or that may never happen. You seem to already have something in mind.
Does an executor have to go to court for power?
Yes. An executor has no legal authority until they have been appointed by the court.Yes. An executor has no legal authority until they have been appointed by the court.Yes. An executor has no legal authority until they have been appointed by the court.Yes. An executor has no legal authority until they have been appointed by the court.
Who can be the executor of the estate?
Anyone that is of legal age can be an executor.
Are executors entitled to get paid before the parent dies?
The executor does not have any rights or responsibilities before the person dies. Being paid makes no sense and is not a legal right.
What are the responsibilities of an executor of a living trust?
A trust doesn't have an executor. It has a trustee. The trustee manages the trust according to the terms of the trust.
What can I do if the executor won't answer my questions?
That depends on who you are and what your legal standing is regarding whatever the executor is handling.
What is a co-executor?
A co-executor is someone who co-ops in the execution of legal documents such as wills.
What is the legal recourse if the executor of a will does not fulfill their duties in wa state?
Petition the court to replace the executor.
Do you have to go to the court to be appointed executor of someone's will?
The Will must be approved and the executor must be appointed by the court or they have no legal authority.The Will must be approved and the executor must be appointed by the court or they have no legal authority.The Will must be approved and the executor must be appointed by the court or they have no legal authority.The Will must be approved and the executor must be appointed by the court or they have no legal authority.
Are Letters Testamentary the same as a Grant of Probate?
Yes. Both give the executor the legal authority to settle the estate according to the provisions in the will.Yes. Both give the executor the legal authority to settle the estate according to the provisions in the will.Yes. Both give the executor the legal authority to settle the estate according to the provisions in the will.Yes. Both give the executor the legal authority to settle the estate according to the provisions in the will.
Can an executor sign legal documents by simply signing their own name or does it have to also say Executor for the estate of so-and-so?
An Executor signing a legal document for an Estate must include "Executor, Estate of...." Also, as Executor, you may have to request various information (non legal)in writing, and must include Executor, Estate of with your signature. Some info may require proof of your appointment as executor in the form of Letters of Testamentary. Some may also require including a copy of the Death Certificate.
