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Is the executor responsible for distributing inheritance?
That is the job of the executor. To distribute the estate and liquidate the assets.
Can your brother executor of your moms will legally disinherit you from her will?
The executor does not have that power. Their job is to execute the will as written.
When does the job of executor of an estate start?
The executor's official duty begins as soon as the will has been allowed and "Letters Testamentary" have been issued to the executor.
Can executor of a will remove a trust?
No, the job of the executor is to follow the directions of the will in settling the deceased's estate. Only a court can change a will.
How does someone transfer their job as co-executor to another person?
An executor has no authority until they have been appointed by the probate court. The executor must file a resignation with the court that appointed them and the court will appoint a successor.
Can you name someone else executor if you do not wish to do the job?
Certainly. As long as the beneficiaries don't have a problem with it. Or the court will appoint an executor (usually an attorney or a bank). No estate will fail because of the lack of a named executor.
Does the executor's job become extinguished if an estate turns out to be insolvent?
No, the executor still has to inform the debtors of the insolvency. And taxes still have to be filed and the court satisfied.
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 executor disburse funds from the estate?
Yes that is their main job. If there is a will it should tell the executor where and when to dispurse the funds.A:Yes, but only in accordance with the terms of the will or where applicable, the rules of intestacy.
Can executor pay her daughter to paint the house to ready it for sale?
Usually, yes, however, the executor is running a risk. An executor is not prohibited from hiring a relative merely because she is a relative. However; the executor may not pay that her more than the job is worth. No sweetheart deals, even if the daughter is a sweetheart. But that type of transaction is subject to challenge since it is inherently a conflict of interest for an executor to hire relatives to do things. The beneficiaries have the right to contest the amount paid if that amount is unreasonable or if the job done is substandard. If the executor overpays or gets a sustandard job, he risks having to reimburse the estate for the difference between what he would have paid to a professional and what he paid to his daughter.
Can executor who has grant of probate distribute the estate between other executors and beneficiaries?
That is the job of the executor. They have to inventory the estate, value the property, resolve debts and then distribute the remainder.
Do you need to go to probate if the will says i am the executor?
An executor is not an executor until the will has been examined and allowed and they have been appointed by the court.
