First, the executor must be appointed by the court in order to have any legal authority over the estate. They should submit a petition for probate and appointment as soon as possible. Once appointed the executor can call the police if someone is stealing property from the estate.
Select an executor for your will based on trust and relationship. A family member can execute the estate or you can choose two people to be co-executors. Lawyers can do it but they will likely charge the estate a percentage.
Julie Hall has written: 'How to divide your family's estate and heirlooms peacefully and sensibly' -- subject(s): Distribution of decedents' estates, Executors and administrators, Popular works, Heirs, Estate planning, Handbooks, manuals, Heirlooms, Family relationships, Valuation
There are several reasons why the court would appoint a third party executor for a Texas estate. You can have the court appoint a third party executor for an estate once all family members that were named as executors are unsuitable to be an executor.
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McCook Family Estate was created in 1906.
The executors role is to insure that the property is sold for a fair market value and the proceeds properly distributed according to the will. Having a beneficiary buy the property is a common occurance, particularly if they property is to stay in the family. He has no brother or sister, but lots of half-brothers and -sisters, namely all the kids of Zeus.
The imidiate family has the right to their fathers estate.
No, the estate is responsible for the debts, not the family. Even without a will, an estate can be opened.
It's both reasonable and customary for executors to receive some compensation for their services, particularly if they're not close family or friends of the deceased. Normally they wouldn't bill the beneficiary, they'd simply deduct their fees and expenses from the proceeds of the estate. Executor's fees are set by statute in most jurisdictions.
His family
Friends and family have no special meaning in real estate. However, see the link below for video explaining how to use friends and family to sell your home.
Real estate development includes the construction of residential single-family houses