The estate can sell the car to the executor. They will have to demonstrate to the court that they paid a fair market value for the vehicle. Essentially, the executor pays the estate for the car and the estate settles the car loan.
Yes, the executor has the authority to manage and oversee the sale of a house in a deceased estate. The executor is responsible for handling the deceased person's assets, including the sale of property, according to the terms of the will or state laws if there is no will. The executor must act in the best interest of the estate and its beneficiaries.
The executor is breaching their duties. They have no control over the estate prior to the testator's death.
Sounds like there is controversy over the estate. Only one of you should have a letter of authority from the court.
No, they cannot over ride the appointed administrator. They would have to get the court to remove the letter of authority.
No. The executor would need to file a resignation with the court and the court will appoint a successor.
The executor is responsible for making sure all assets in the will are accounted for, along with transferring these assets to the correct party. He or she also needs to ensure that all the debts of the deceased are paid off, including any taxes. The executor is legally obligated to meet the wishes of the deceased and act in the interest of the deceased. The executor can be almost anyone but is usually a lawyer, accountant or family member, with the only restriction being that he or she must be over the age of 18 and have no prior felony convictions. Source: Answers.com
Yes. Once an executor has been appointed by the courtthey have legal control over all the property of the decedent. If you don't surrender the key the executor can hire a locksmith to enter the premises and change the locks. Once the Will has been allowed in the probate court, and the executor appointed, you have no right to enter the premises without the permission of the executor.
It is certainly possible for them to do so. Once the debts are settled and the estate valued, they can distribute the remaining assets. That would include the transfer of title
No. The court must appoint a successor.No. The court must appoint a successor.No. The court must appoint a successor.No. The court must appoint a successor.
In the UK it is not if it has come to her address.Added: (in the US) IF she and the deceased were legally married at the time of his death, she may open the mail. However, it it contains anything of significant value or interest that the Excecutor (assuming that she is NOT the Executor) should be made aware of, then she must turn it over to them.If she was NOT the legal spouse at the time of his death, she may NOT open it, but must either return it to the sender, OR turn it over un-opened, to the Executor of her ex-husband's estate.
If all four siblings are listed as legal owners of the deceased parents' house, then decisions regarding its sale would typically require unanimous agreement. If one sibling is able to establish power of attorney or has been assigned as executor of the estate, they could potentially make decisions on behalf of the others, but this would depend on the specific legal arrangements in place.
The executor of a will is the person responsible for making sure the wishes of the testator are carried out. They are responsible for paying off the debts and distributing the assets. They also have to pay taxes and file the appropriate reports with the probate court.