The executor should contact the insurance company and notify it of the death of the owner of the policy.
No. If the executor dies the court must appoint a new executor.
The beneficiaries' estate will get their share. The executor will continue to process things according to the will.
Yes, they have an obligation to continue to pay rent.
That is one of the duties of the executor. They have to inventory the assets and debts of the estate. Then they will be able to liquidate the debts and distribute the assets.
After the named insured dies the vehicle would need to be insured under a new policy in the name of the person who inherited the vehicle. For the short period of time that the vehicle and other property are being probated, the legally appointed administrator or executor would have the ability to add and delete drivers. The death of the insured would need to be reported to the insurance company immediately by the executor and the name on the policy would be changed to Estate of " " with the executor listed as additional insured if approved by the insurance company.
If the named executor has died then the court will appoint an executor. An interested party can petition to be appointed executor.
Depends on the case. In the irrevocable trust or a trust after the person dies neither are revocable. If the executor doesnt act properly they can be removed by a judge. Once all of the funds are giving out of the will there is no longer a executor.
If the Chapter 13 Plan is still being paid and is still needed, it can continue. Someone will have to be responsible to continue the plan, whether there is an estate fiduciary (executor or administrator) or not. Check with the Chapter 13 Trustee.
You should seek official legal advice, but the online consensus seems to be that the 2nd person in line to be executor becomes in charge of the estate.
The court must appoint the executor and will appoint the person named in the will by the testator unless that person declines, is deceased or is determined to be unfit by the court. In that case any one of the surviving children may petition for appointment and if there are no objections that person will be appointed executor.
If the person granted power of attorney and executor dies before the grantee, then the power of attorney is terminated, and the grantee would not be able to rely on the power of attorney anymore. The executor's role would typically be carried out by an alternate executor named in the will, or the court may appoint a new executor if there is no alternate named. It is important to regularly review and update estate planning documents to ensure contingency plans are in place.
There is a form that is submitted to the court with the will to request a letter of authority. It can recommend who wishes to be the executor. In most cases, unless there is controversy, the court will appoint that person. Otherwise the court will appoint a neutral party.