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What else can I help you with?
What can you do when all heirs to an estate are willing to sell the property except for one and he is the executor of the estate?
The executor is the person responsible for the estate. That includes making sure the property is sold for a proper amount.
What happens when mom dies and has no estate except life insurance and outstanding credit card debt does executor have to pay the outstanding debt?
Yes, the executor has to pay the debt. Debts are one of the primary reasons someone should open an estate. The estate has to pay off the debts. If the estate cannot do so, they distribute as best they can. If the court approves the distribution, the debts are ended.
Where do i get an estate adminstrator certificate?
You get a certificate of administration from the probate judge. Usually the judge just gives you permission to get one. You actually get it from an office. You will need that and a death certificate. You will need one to sell each piece of property or close each account, etc. The judge will check the will and assign you as executor. If there is no will then the Judge will appoint an administrator. That can cause more problems if there is much of an estate. If there is just a couple and all they own except for a car is in their joint names, no problem usually exists.
What if executor sues the other 2 executors over a will?
Perhaps nothing will happen, because most states provide that when there are more than one executor the majority rules except where the majority is acting contrary to the interests of the estate and beneficiaries. The executor suing will probably have to prove more than there being a difference of opinion as to what should be done during administration. Such differences might involve the choice of the bank in which the estate account should be placed. If, say, the reason for the majority's choice is ease of banking with no difference in interest rates, the court would side with the majority. If the chosen bank has a lower interest rate on the estate account the court would side with the single executor. In addition, one or more of the executors might be removed as executor depending on the facts.
Riddle - Woman shows everything to her husband except one thing and that one thing she shows to everyone except her husband?
her husband?
Does a trustee have to follow the will?
Yes.A will must be probated in order for it to be approved by the court and for the court to appoint an executor. If a trust is set up in a will (testamentary trust) then the court must officially appoint the trustee also. The executor and the trustee must follow the provisions in the will, the testamentary trust and the state probate laws under the supervision of the court.Both the executor and the trustee must follow the provisions of the will and the trust set forth in the will exactly. They have no power to change anything. If they fail to act efficiently they should be reported to the court and replaced. They have no other power except that provided by the will and the court.
Woman shows everything to her husband except one thing and that one thing she shows to everyone except her husband?
its childhood...
What was the third estate were not except from?
don't understand the Q
Want to see my dead fathers will but the executor wont let me what do i do?
Your father's will was filled with the court when the estate was opened (if the estate isn't opened yet - then nobody has been appointed executor). Such documents are public records in most states. The estate was probably filed in the county where your father was living at the time of his death. Except for tiny rural counties, most courts have these documents online and you can access them through the court's website. If they don't have online access, you can go to the courthouse and look at it or hire a lawyer to get it for you. WARNING, as an attorney, I find it very suspicious that the executor will not give a copy of the will to a child of the deceased. After you get a copy of the will (or if you can't get one) I would recommend that you speak with a local lawyer who's experienced in probate. You should also be aware that there are strict deadlines in these matters and "if you snooze, you lose."
Should executor be capitalized?
No, except at the beginning of a sentence because it is n ot a proper n ou n.
Can a Co-Independent Executor act on legal documents without the other Executor?
Yes, except when selling real property. In selling real property all co- independent executors must execute the document.
What is the fee an executor of an estate receives in Ohio?
Executors and administrators shall be allowed commissions upon the amount of all the personal estate, including the income from the personal estate, that is received and accounted for by them and upon the proceeds of real estate that is sold as follows: (A) For the first one hundred thousand dollars, at the rate of four per cent; (B) All above one hundred thousand dollars and not exceeding four hundred thousand dollars, at the rate of three per cent; (C) All above four hundred thousand dollars, at the rate of two per cent. Executors and administrators also shall be allowed a commission of one per cent on the value of real estate that is not sold. Executors and administrators also shall be allowed a commission of one per cent on all property that is not subject to administration and that is includable for purposes of computing the Ohio estate tax, except joint and survivorship property. The basis of valuation for the allowance of such commissions on real estate sold shall be the gross proceeds of sale, and for all other property the fair market value of the other property as of the date of death of the decedent. The commissions allowed to executors and administrators in this section shall be received in full compensation for all their ordinary services. If the probate court finds, after hearing, that an executor or administrator, in any respect, has not faithfully discharged his duties as executor or administrator, the court may deny the executor or administrator any compensation whatsoever or may allow the executor or administrator the reduced compensation that the court thinks proper.
