0
To inventory the estate, pay the debts and taxes and distribute the remainder. The distribution is according to the will or the laws of the state.
Wiki User
∙ 10y ago
Add your answer:
Earn +20 pts
What rights have as beneficiary in will when not the executor?
All the rights required. He or she does not need to be an executor to receive any bequest. It is the responsibility and legal duty of the executor to carry out the wishes of the deceased.
Is it the legal responsibility of an executor to pay all debts of an estate from money in accounts and life insurance prior to settling will?
Yes, that is the executor's responsibility. He has the responsibility to resolve the debts. If the assets are not adequate to resolve them, they have to be written off.
What is your responsibility as next of kin to a cousin who has just died?
Unless you had been assigned their Power of Attorney (while they were alive) or named as their Executor, you have no legal obligation or responsibility.
In NJ can an executor sell the estate's home without the signatures of all named beneficiaries?
No, an executor cannot sell the estate home without the signatures of all involved. This isn't legal or possible in New Jersey.
Is executor fee in NJ taxable?
Yes, the executor fee in the state of NJ is taxable. However, it is only 5% taxable and up to $200,000 dollars.
What if the executor is not the legal spouse?
Generally, an executor doesn't need to be the "legal spouse".
You did not know you were executor and do not want to do it?
You can decline the responsibility. The court will appoint another executor.
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.
Does the executor have the right to prevent heirs from entering the property in Virginia?
You should contact the attorney who is handling the estate if you have any questions about the executor's rights and responsibilities.Once the executor has been appointed by the court, she/he has the responsibility of securing and safeguarding the property until it can be distributed once the debts of the decedent have been paid. Since the executor has that legal responsibility, they cannot allow people to come and go from the property, especially people who don't understand the probate process and may remove property from the premises.You should contact the attorney who is handling the estate if you have any questions about the executor's rights and responsibilities.Once the executor has been appointed by the court, she/he has the responsibility of securing and safeguarding the property until it can be distributed once the debts of the decedent have been paid. Since the executor has that legal responsibility, they cannot allow people to come and go from the property, especially people who don't understand the probate process and may remove property from the premises.You should contact the attorney who is handling the estate if you have any questions about the executor's rights and responsibilities.Once the executor has been appointed by the court, she/he has the responsibility of securing and safeguarding the property until it can be distributed once the debts of the decedent have been paid. Since the executor has that legal responsibility, they cannot allow people to come and go from the property, especially people who don't understand the probate process and may remove property from the premises.You should contact the attorney who is handling the estate if you have any questions about the executor's rights and responsibilities.Once the executor has been appointed by the court, she/he has the responsibility of securing and safeguarding the property until it can be distributed once the debts of the decedent have been paid. Since the executor has that legal responsibility, they cannot allow people to come and go from the property, especially people who don't understand the probate process and may remove property from the premises.
What if executor is physically ill and not able to handle the burden of executor?
They can decline the responsibility. The court will assign someone else to be executor.
How do you handle credit card debt of deceased husband in NJ?
The important step is to open an estate. The executor of the estate will deal with the debts and assets. If the debts are joint responsibility, they won't go away.
