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Yes, an executor may need to file Form 56 with the IRS when handling the estate of a deceased individual. Form 56 notifies the IRS of the appointment of a fiduciary to act on behalf of the estate.

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7mo ago

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What rights does an executor have in managing the estate of a deceased individual?

An executor has the legal authority to manage the estate of a deceased individual, including distributing assets, paying debts, and handling legal matters on behalf of the deceased person. They must act in the best interests of the estate and follow the instructions outlined in the deceased person's will or state laws if there is no will.


Does executor have ruling over sale of house in an deceased estate?

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.


Does an executor have the power of attorney to make decisions on behalf of the deceased individual?

No, an executor does not have the power of attorney to make decisions on behalf of the deceased individual. The executor's role is to carry out the instructions in the deceased person's will and manage their estate, but they do not have the authority to make decisions on the deceased person's behalf.


How can someone become the executor of an estate?

To become the executor of an estate, a person must be named as such in the deceased individual's will. The court will then officially appoint the executor after the will is probated. The executor is responsible for managing the deceased person's assets, paying debts, and distributing the remaining assets to beneficiaries according to the will.


How can one become named as the executor of an estate?

To become named as the executor of an estate, an individual typically needs to be designated as such in the deceased person's will. The executor is responsible for managing the deceased person's assets, debts, and distributing the estate according to the will's instructions. It is important to consult with a legal professional to ensure all necessary steps are taken to become the executor of an estate.


When a person with a reverse mortgage dies can the executor give the house to the reverse mortgage company?

The estate must be probated and the executor should ask the attorney who is handling the estate how and when to make the transfer.The estate must be probated and the executor should ask the attorney who is handling the estate how and when to make the transfer.The estate must be probated and the executor should ask the attorney who is handling the estate how and when to make the transfer.The estate must be probated and the executor should ask the attorney who is handling the estate how and when to make the transfer.


Is the eldest responsible for ther deceased father estate?

In most cases, the eldest child is not automatically responsible for handling their deceased father's estate. Typically, the responsibility falls on the executor named in the father's will or, if there is no will, on the legal heirs as determined by law. It is important to consult with a legal professional to understand the specific requirements and obligations related to handling the deceased father's estate.


The will states all deceased's children must agree on everything before six months is up. What rights do you have if the executrix is going ahead and not involving other children?

File a complaint with the court if you think the executor is mishandling the estate. You should also contact the attorney who is handling the estate.File a complaint with the court if you think the executor is mishandling the estate. You should also contact the attorney who is handling the estate.File a complaint with the court if you think the executor is mishandling the estate. You should also contact the attorney who is handling the estate.File a complaint with the court if you think the executor is mishandling the estate. You should also contact the attorney who is handling the estate.


How can someone become appointed as the executor of an estate?

To become appointed as the executor of an estate, a person typically needs to be named as such in the deceased person's will. The court will then review the will and officially appoint the executor. The executor is responsible for managing the deceased person's assets, debts, and distributing the estate according to the will.


Is it possible for the executrix of an estate to file corrupt bankruptcy for that deceased individual?

An executor cannot file for bankruptcy in the name of the decedent.


Who protects a deceased person's property?

The executor of the estate.


What can an Executor of an Estate do?

They follow the instructions of the deceased has laid out in their will.