0
What else can I help you with?
Can the executor benefit from the will?
Yes, the executor can also be a beneficiary of the Will. Also, in most jurisdictions the executor can be paid from the estate for their services up to a certain amount that is generally set forth in the probate laws.
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.
Can a beneficiary stop the sale of a house?
A court appointed executor has the power to sell the real estate if the power to sell real estate was granted in the will or by a license of the court. If the beneficiary is the sole beneficiary and the proceeds from the sale of the real estate are not needed to pay debts then the beneficiary may be able to obtain a ruling from the court against the selling of the real estate.
Can the beneficiary's tell the executor how much to sell for in NJ?
Not really. The property has to be sold for fair market value. There is some latitude if the assets exceed the debts of the estate. Or the beneficiary's can agree to a lessor price if it is being sold to another beneficiary. Often siblings will let another sibling buy them out of the property for a lower price.
Could you as the executor of your neighbors will also be the only person to benefit?
Yes. However, the will should be drafted by an attorney who specializes in probate to make certain the will isn't vulnerable to challenges. A testator has the right to choose their beneficiary. Generally, a will can only be challenged on technical grounds not because someone doesn't think it's "fair". The attorney may advise the testator to name a different person as the executor although it may not be necessary.
Can an executor also be a beneficiary in a will?
Yes, an executor can also be a beneficiary in a will.
Can an executor also be named as a beneficiary in a will?
Yes, an executor can also be named as a beneficiary in a will.
How do you calculate executors compensation when you are also a beneficiary?
The executor's compensation is set by law. The office of executor is separate from being a beneficiary. Compensation for an executor is not affected by also being a beneficiary.The executor's compensation is set by law. The office of executor is separate from being a beneficiary. Compensation for an executor is not affected by also being a beneficiary.The executor's compensation is set by law. The office of executor is separate from being a beneficiary. Compensation for an executor is not affected by also being a beneficiary.The executor's compensation is set by law. The office of executor is separate from being a beneficiary. Compensation for an executor is not affected by also being a beneficiary.
Can an adult child be an executor and a beneficiary?
An adult child can be the executor. They can also be a beneficiary. They are required to be impartial when distributing the estate.
Can the executor benefit from the will?
Yes, the executor can also be a beneficiary of the Will. Also, in most jurisdictions the executor can be paid from the estate for their services up to a certain amount that is generally set forth in the probate laws.
Can your executor also be named as a beneficiary in your will?
No, it is generally not recommended to name your executor as a beneficiary in your will to avoid conflicts of interest and ensure impartiality in carrying out your wishes.
Can the executor of a will receive compensation for being executor and beneficiary?
Unless specified otherwise in the will, an executor is entitled to compensation for their work. Anything they inherit is a separate accounting.
Can an executor be beneficiary of a will in CT How can an executor be removed by an heir?
Yes, the executor can be a beneficiary. The court may remove an executor at the request of the beneficiaries.
Can executor and beneficiary be the same?
Yes, that is often the case when a spouse dies. It saves the estate money.
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.
An executor is sending my husband a letter Is he a beneficiary?
If an executor is sending your husband a letter, it is likely that he is a beneficiary or that he is required at the signing of some type of paperwork. He might also owe money to an estate.
How do you transfer the deed of a deceased parents in Texas to the executor of the estate?
The executor now controlling the estate has to do the transfer but if they had an executor, there is probably also a will, attorney, and a beneficiary (ies)
