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The court will appoint someone as executor. They often use a bank or attorney to handle the matters.
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∙ 9y ago
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Are executors responsible to personally pay for debt on a will?
No, the executors are not personally responsible. It is their duty to value the estate and resolve debts based on the assets. If there is not enough money, it is reported to the court with the distribution plan and some people do not get paid.
What does the term coindependent executors mean?
co-independent executors
Do the executors of a will have to jointly give permission for the other executors to see the will?
All executors have the right to see the will, they cannot execute it if they do not have access to it.
Can executors be changed on a will after the testator has died?
The will cannot be changed. However, the court can appoint someone else as executor.
When a proprty is sold do both executors get the money?
Executors do not get the money, it goes to the estate. The executors distribute the estate per the will or laws of intestacy.
What happens if one executor wants to put her children as executors and the othe executor disagrees?
Executors don't appoint executors. The court appoints them.
How do you take your and your husbands name off a will as executors?
My husband and I are executors of a will and want to cancel this.
Is it the executors right to pick the auctioneer that sells an estate?
That is within the responsibilities of the executor. They are responsible for the sale of the estate. As such they can do it through auction or private sale, as long as it goes for at least market price.
If 2 executors can 1 carry out tasks without permission from the other?
Generally, if two executors are named in the will and then appointed by the court as co-executors they must act together unless the will provides that either can act alone.
What executors are allowed to probate a will in the state of Texas?
The executors that are appointed by the court. The court will issue a letter of authority to the appropriate executor(s).
What has the author Shackleton Hallett written?
Shackleton Hallett has written: 'Executors and trustees' -- subject(s): Trusts and trustees, Executors and administrators
Can you have both your children as executors?
Yes you certainly can and they can also be your trustees too!! Some people also have more than 2 executors!!
