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What to do if executor of will does not provide benefiseries a copy of division of assets?
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What are the executor's responsibilities re sharing knowledge of deceased person's assets in detail prior to distribution?
The executor has to inventory and value all assets. They have to provide a full accounting to the probate court.
Can a house be emptied by an executor before the will is read?
There is no formal reading of the will. The executor must inventory and value all assets of the estate. They have to provide an accounting to the court.
Can the inheritors force the executor to sell assets?
No, they cannot force the executor to sell assets. The executor is responsible for closing out the estate and settling debts. Then the distribute the assets.
A person appoints a child as executor of the estate. is executor of estate required to list assets after that person dies?
That is one of the duties of the executor. They have to inventory the assets and debts of the estate. Then they will be able to liquidate the debts and distribute the assets.
Is the executor responsible for distributing inheritance?
That is the job of the executor. To distribute the estate and liquidate the assets.
Are you an executor to a will forever?
No, once the will has been executed and the assets distributed the task of the executor is finished
Who is resposible for filing assets with probate?
That is the duty of the executor. They file a complete inventory with the court. They also have to provide a fair value on all the items.
Can an executor withhold information concerning assets to the heir of an estate?
An executor has a legal duty to act in the best interests of the estate and its beneficiaries. Withholding information about assets from an heir may be seen as a breach of that duty. In general, an executor should provide full and accurate information about the estate's assets to all beneficiaries. If an heir believes that an executor is withholding information, they may seek legal recourse to enforce their rights.
Can you cash bonds if sister named executor?
Only the executor has the authority to liquidate assets of the estate.
What if executor never divided the will asets?
If the executor never divided the assets, find out why and give your definition of never. Frequently, assets are not divided for a period of 9 months or a little more. If the executor has given the final report to the probate court and then does not divide the assets, you may have a reason to complain. After you have checked with the executor, you might need to check with a lawyer.
What are the executor fees in Oregon?
The Executor is entitled to 7% of the first $1000 in probate assets. Then that goes down to 2% for all probate assets over $50,000. The Executor is also entitled to 1% of all the non-probate assets. Although, as always, there can be variants to that based on the circumstances.
Can your sister who is the executor distribute your mom's money whenever probate is over?
Yes. As long as she has been appointed the executor by the court she has the authority to collect the assets, pay any of your mother's debts and then distribute the remaining assets as provided in the will.Yes. As long as she has been appointed the executor by the court she has the authority to collect the assets, pay any of your mother's debts and then distribute the remaining assets as provided in the will.Yes. As long as she has been appointed the executor by the court she has the authority to collect the assets, pay any of your mother's debts and then distribute the remaining assets as provided in the will.Yes. As long as she has been appointed the executor by the court she has the authority to collect the assets, pay any of your mother's debts and then distribute the remaining assets as provided in the will.
