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The executor's official duty begins as soon as the will has been allowed and "Letters Testamentary" have been issued to the executor.
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∙ 15y ago
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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.
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 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.
Can one be an executor of probate but not the estate?
There is no executor of probate. The executor of the estate executes the will and probates the estate.
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.
What is the executor of estate for the Titanic?
What is the executor of the estate for the titanic?
Can an executor sell property not belonging to an estate?
That is the job of the executor. The sale of assets is one of the jobs.
What is the estate executor fee in Arkansas?
what if the estate executor fee in arkansas
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 the executor work for the beneficiary?
No, the executor works for the estate. The estate will pay the executor a reasonable fee. The beneficiary has limited direction that they can give the executor.
What happens to the assets due to an executor if the executor of a will dies?
They become part of his estate. The executor of his estate would file the claim against the first estate.
Does the executor receive the estate in the UK?
No, the beneficiaries receive the estate. An executor could be a beneficiary
