0
What happens to the assets due to an executor if the executor of a will dies?
Wiki User
∙ 11y ago
They become part of his estate. The executor of his estate would file the claim against the first estate.
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
What happens if the executor is hiding bank accounts?
They should be reported to the court that made the appointment and they should be prosecuted criminally.What should happen:If it is determined that an executor has been hiding assets the probate court should enter a judgment toRemove the executor from office;Appoint another fiduciary (usually the alternate executor named in the will) to take his/her place;Order the removed executor to turn over all assets, records and other information of the estate to the newly appointed fiduciary within a stated period of time;Order the removed executor to file with the court an accounting of all transactions that the removed executor has made to date;Order that the removed executor forfeit all or some of the commissions due to him for handling the estate.Order any other type of relief that may be just or equitable under the circumstances.
The executor in both parents' estates paid the debts of the first parent to die with money from the other parent's estate. Was that properly handled?
Generally, assets are jointly owned by married couples. You have asked a complicated question that can only be answered by someone who has reviewed the assets in both estates. You should ask the attorney who represented the estates. An executor has no authority until they have been appointed by the probate court and is personally responsible for any losses due to their mishandling of any estate.Generally, assets are jointly owned by married couples. You have asked a complicated question that can only be answered by someone who has reviewed the assets in both estates. You should ask the attorney who represented the estates. An executor has no authority until they have been appointed by the probate court and is personally responsible for any losses due to their mishandling of any estate.Generally, assets are jointly owned by married couples. You have asked a complicated question that can only be answered by someone who has reviewed the assets in both estates. You should ask the attorney who represented the estates. An executor has no authority until they have been appointed by the probate court and is personally responsible for any losses due to their mishandling of any estate.Generally, assets are jointly owned by married couples. You have asked a complicated question that can only be answered by someone who has reviewed the assets in both estates. You should ask the attorney who represented the estates. An executor has no authority until they have been appointed by the probate court and is personally responsible for any losses due to their mishandling of any estate.
What happens when a carnation dies?
When a carnation dies due to disease, it should be disposed of in garden waste. Never compost a flower that dies of disease because it can return to other flowers in your garden.
What powers does an executor of a will have?
The executor has specific powers under the laws in every jurisdiction, once they have been appointed by the probate court. The testator can grant additional powers such as the power to sell real property without a license from the court.
What life characteristic happens when a plant wilts and dies from drying out?
Deficiency of water in plant cells due excessive loss due to transpiration and less absorption
In the monkeys paw what happens to Herbert white?
He dies, due to the wish for 200 pounds, that Mr.White made.
How can you opt out of executor of will due to serious sickness?
You simply tell the court you cannot serve. They will appoint another executor.
Why does non current assets decrease?
Non current assets decrease with depreciation which is due to wear and tear due to usage of that assets in revenue generation.
When an organism dies what happens?
It dissolves almost like. When something dies everything tends to completely vanish due to the fact that the body may rot or become bone matter.
Explain the process of what happens when an organism dies?
when an organism is dead , it gets decayed to the soil due to the actions of micro organisms.
What does the executor do if an heir refuses or does not make themselves available to accept the final distribution from the estate?
Your question is troublesome.An executor must be appointed by the probate court. The executor has the duty, power and authority to settle the estate under the supervision of that court. If you are the duly appointed executor it is YOUR responsibility to pay any estate taxes that are due. In fact, the debts of the decedent must be paid before any assets are distributed to the heirs. Therefore, the heir you speak of shouldn't have access to estate assets until the estate taxes and creditors have been paid. As executor you can be held personally responsible for any debts of the decedent that are not properly paid.You should consult with an attorney who specializes in probate law.
What happens to a car loan after death?
Money owing on a car loan is still due, and payable by the estate of the deceased borrower. It's conceivable that certain loans may accelerate payments in the event the borrower dies. In any case, the executor of the estate should make payments as they become due, as with other obligations of the deceased. If a conflict develops between the executor and the bank concerning the loan, an attorney should be consulted.
