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What else can I help you with?
What if no one is appointed executor and there are seven children?
No will or estate will fail because of the lack of an executor. The court will appoint someone to serve.
Can you name someone else executor if you do not wish to do the job?
Certainly. As long as the beneficiaries don't have a problem with it. Or the court will appoint an executor (usually an attorney or a bank). No estate will fail because of the lack of a named executor.
If the executor of an estate doesn't fulfill his duties because they can't be bothered with it does the 2nd executor automatically take over If so what if 1st decides they want to again?
The court issues a letter of authority to the executor. If they haven't applied or decline it, they are not on the letter.
What happens if the executor dies before the estate is distributed?
AnswerUsually the next of kin will be sought after by a company "In Trust". Children of the deceased will be sought out, or if there are no existing children it can go to a sister, brother, parent of the deceased.AnswerThe court will appoint a new executor. The residual amount then goes into the estate of the person who was to get the remainder and then their estate will distribute as appropriate.AnswerThe court will appoint a new executor. As to the residuary legatee, it depends on when they died. If they were deceased at the time of the death of the testator the gift will lapse unless there is language to the contrary in the Will. If the gift lapses and there is no successor residuary legatee, the residuary will be distributed according to the laws of intestacy as though there is no Will.
Which person is exhibiting a theological perspective of the world?
Sally, who says we must accept things as they are because it is God's will
I need to withdraw from being executor of estate. My mother still living has been in an estranged relationship with my wife and I. How do I retract from being her executor of her will?
You really don't need to do anything because you aren't the executor yet. If your mother dooesn't change her will before she dies then at that time you can file a declination with the court as the named executor. The court will appoint someone else.
What is the difference between an Executor and an Administrator?
An executor handles the estate of a decedent who died with a will. An administrator handles the estate of a decedent who die without a will. The terms are different because an executor is executing the decedent's directions as stated in the will. The administrator is simply handling the estate according to general laws.
Why does your manager rejects your Christmas gift and says people would misunderstand?
Because your manager wants to avoid any possible appearance of favoritism.
What happens if one of the named executors dies?
The remaining executor takes over, or the court will appoint a new one. No will shall fail because of the lack of a named executor, the court will simply appoint one.
Can a person be an executor to the estate he owes money to?
Yes. Nothing prohibits a testator from choosing a person as his or her executor simply because there is a debt between them. In the matter of who is to be the executor, courts go to great lengths to honor the wishes of the deceased. The beneficiaries will be able to challenge in court the manner in which the executor handled repayment. An executor might be held to a higher standard of proof if he or she disputes the claim in full or in part than any other creditor might be held to. In other words, although it appears that there is a conflict of interest in the executor handling his/her own claim, there are remedies available to beneficiaries to ensure proper handling of that claim that do not thwart the decedent's personal choice of the person to be the executor.
Why are protecting water supplies from pollution and managing to demand for water major priorities?
because of transportation and managing the water and polution
My mother died leaving no will therefore can someone be named the executor?
The will should have named an alternate. If it didn't, find some one who willing to do it. The estate lawyer must notify the court of the executor's death and petition for the appointment of a successor.
