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What is the time frame an executor of a trust is expected to carry out his duties for example the sale of a home?
Wiki User
∙ 17y ago
Most Executors want to get the property sold as soon as possible and it depends on the Heirs. They have a right to say whether one of them wants to buy the home or property, or if they want it sold or not. E.g. There are 3 Heirs and 2 out 3 agree that they want to sell the property. The property MUST be sold. You usually can have it sold within the year, but, if the house or property has some difficulties attached to it or is a (hard sell) it can lapse over a year. Marcy * There are not laws in the U.S. which designate how long a named executor has to liquidate exempted property after closure of probate.
Wiki User
∙ 17y ago
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How can a bank execute a last will and testament?
A Last Will and Testament must be executed by a person. In that sense "execute" means to make and to sign. A bank may be appointed the Executor of an estate. The Executor is given the power by the court to carry out the distribution of the assets as directed in the will, pay debts and taxes, sell the real estate if necessary, execute the necessary probate documents, etc. The bank is entitled to a fee for this service. When a bank is appointed as the Executor the bank assigns a bank official to the case who signs all the documents necesssary to settle the estate on behalf of the bank.
What are your rights to a home after a parent dies and still owes a mortgage?
The home belongs to the bank if there is money owed. The person who is to carry out all the wishes (executor) from the parent's will must either use other assets to pay the mortgage off or sell the house and pay the mortgage, keeping any profit. The bank will not clear the debt until it is paid, they will take the house by force if needed.
How much cargo can a train carry?
The amount of cargo that a train can carry depends on the size of the train and the number of cars it carries. If a train is large and has many cars it can carry a lot of cargo.
Do you have to carry mortgage insurance?
No you don't have to, but you would be a fool not to carry enough insurance to cover your mortgage! However, most mortgage lenders do require it, and if so, they will not make the loan if you refuse to carry the mortgage insurance. In that case, the choice is yours.
What are the secretary duties in an organization?
Secretaries do all of the dirty work for their bosses: they answer phone calls, setup meetings, schedule appointments, call off appointments, sometimes can include getting their boss breakfast or coffee, they run errands and answer all phone calls and take most of them. Secretaries are in charge of writing down and documenting everything said, this includes meetings at times. Secretaries plan out almost everything and carry out what they are told to do.
Who is the person to carry out the provisions of the will?
The executor.
What if executor refuses to pay siblings on legal will drafted by an attorney very clear as to money being paid exactly as per will. Executor has history of abusing siblings Refuses to obey.?
First: A person is not an executor until they have been appointed by a court. Once appointed, the executor is under the jurisdiction of the court and can be reported and removed for a failure to carry out their duties quickly, efficiently and according to the law. You should petition the court to remove and replace the executor.
Who is the person designated to carry out provisions of a will?
The executor.
What are four duties US citizens are expected to carry out?
Vote, Pay taxes, obeying local, state and federal laws, and attending Jury Duty.
Does the Executor of the estate sign the decedents name and then sign as the executor of the estate?
No. The executor must be appointed by the probate court and signs their own name as the executor of the estate. For example: " John Smith, executor of the estate of John Doe." Be sure to add that designation, especially when signing contracts on behalf of the estate, so you do not unintentionally obligate yourself personally in any transaction you carry on for the estate.
Your brother refuses to hand over moms documents so you can execute her will?
If you are the designated Executor of your mother's will, go to the court and get acourt order directing him to release the necessary documents so that you may carry out your duties.
Who did the Romans want to guide their government?
The Romans wanted their elected officials to guide their government, just as we do. Each official had his specific duties and he was expected to carry them out and to handle any problem that is office covered. For example, if a merchant were accused of cheating his customers, an aedile would check the merchant's weights and scales as the aedile was responsible for weights and measures (among other things).The Romans wanted their elected officials to guide their government, just as we do. Each official had his specific duties and he was expected to carry them out and to handle any problem that is office covered. For example, if a merchant were accused of cheating his customers, an aedile would check the merchant's weights and scales as the aedile was responsible for weights and measures (among other things).The Romans wanted their elected officials to guide their government, just as we do. Each official had his specific duties and he was expected to carry them out and to handle any problem that is office covered. For example, if a merchant were accused of cheating his customers, an aedile would check the merchant's weights and scales as the aedile was responsible for weights and measures (among other things).The Romans wanted their elected officials to guide their government, just as we do. Each official had his specific duties and he was expected to carry them out and to handle any problem that is office covered. For example, if a merchant were accused of cheating his customers, an aedile would check the merchant's weights and scales as the aedile was responsible for weights and measures (among other things).The Romans wanted their elected officials to guide their government, just as we do. Each official had his specific duties and he was expected to carry them out and to handle any problem that is office covered. For example, if a merchant were accused of cheating his customers, an aedile would check the merchant's weights and scales as the aedile was responsible for weights and measures (among other things).The Romans wanted their elected officials to guide their government, just as we do. Each official had his specific duties and he was expected to carry them out and to handle any problem that is office covered. For example, if a merchant were accused of cheating his customers, an aedile would check the merchant's weights and scales as the aedile was responsible for weights and measures (among other things).The Romans wanted their elected officials to guide their government, just as we do. Each official had his specific duties and he was expected to carry them out and to handle any problem that is office covered. For example, if a merchant were accused of cheating his customers, an aedile would check the merchant's weights and scales as the aedile was responsible for weights and measures (among other things).The Romans wanted their elected officials to guide their government, just as we do. Each official had his specific duties and he was expected to carry them out and to handle any problem that is office covered. For example, if a merchant were accused of cheating his customers, an aedile would check the merchant's weights and scales as the aedile was responsible for weights and measures (among other things).The Romans wanted their elected officials to guide their government, just as we do. Each official had his specific duties and he was expected to carry them out and to handle any problem that is office covered. For example, if a merchant were accused of cheating his customers, an aedile would check the merchant's weights and scales as the aedile was responsible for weights and measures (among other things).
What is the purpose of being bonded to gain access to deceased husbands assets?
If the will does not specifically state that no bond shall be required of the Executor of the estate, then the Probate Court MAY, place the requirement of such a bond upon you. This bond would become the 'insurance policy" to the estate that you perform and carry out your duties as Executor properly and correctly.
What are the duties of the branch?
the duties of the branch is to carry out the laws
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.
Can an executor of a will take over the will?
An executor's powers are limited to that mentioned in the will. If it is impossible to carry out the will, then probate court permission will be required.
If there is a divorce in progess for the deceased and a child is appointed executor of the estate who has more rights the widow or executor?
The executor is the person who has the power and obligation to carry out the provisions in the will and perform all the duties necessary to settle the estate. The widow has no rights in that aspect of the estate. If the divorce decree was not yet entered at the time of death the widow will inherit according to the provisions in the will. In most states she can claim a statutory share if she is not satisfied with provisions made for her in the will.
