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They have a fiduciary duty to preserve the value of the estate. A complete inventory and valuation of the assets must be completed. They must resolve debts and bills and pay all taxes due. Then they distribute the remainder according to the will or laws of intestacy. A full accounting must be provided to the court.
What else can I help you with?
What if the executor is not the legal spouse?
Generally, an executor doesn't need to be the "legal spouse".
How long after a family death can a beneficiary sue an executor of the estate?
The will must be admitted to probate. The executor must be appointed by the court. Then, the executor must do something that violates their legal responsibilities. That could take months or that may never happen. You seem to already have something in mind.
Does an executor have to go to court for power?
Yes. An executor has no legal authority until they have been appointed by the court.Yes. An executor has no legal authority until they have been appointed by the court.Yes. An executor has no legal authority until they have been appointed by the court.Yes. An executor has no legal authority until they have been appointed by the court.
Who can be the executor of the estate?
Anyone that is of legal age can be an executor.
How can one become an executor of an estate?
To become an executor of an estate, one must be named as such in the deceased person's will. The executor is responsible for managing the deceased person's assets, paying debts, and distributing the remaining assets to beneficiaries according to the will. It is important to understand the legal and financial responsibilities of being an executor before accepting the role.
How can someone become an executor of an estate?
To become an executor of an estate, a person must be named 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 for the executor to understand their duties and responsibilities, as well as any legal requirements in the jurisdiction where the estate is being administered.
Are executors entitled to get paid before the parent dies?
The executor does not have any rights or responsibilities before the person dies. Being paid makes no sense and is not a legal right.
What are the responsibilities of an executor of a living trust?
A trust doesn't have an executor. It has a trustee. The trustee manages the trust according to the terms of the trust.
What is the difference between a power of attorney and an executor of estate in terms of their roles and responsibilities?
A power of attorney is a legal document that gives someone the authority to make decisions on behalf of another person while they are alive. An executor of an estate is responsible for managing and distributing a deceased person's assets according to their will. The main difference is that a power of attorney's authority ends upon the person's death, while an executor's responsibilities begin after the person has passed away.
What can I do if the executor won't answer my questions?
That depends on who you are and what your legal standing is regarding whatever the executor is handling.
How can one become the executor of an estate after someone passes away?
To become the executor of an estate after someone passes away, you typically need to be named as such in the deceased person's will. If you are not named in the will, you may need to petition the court to be appointed as the executor. This process usually involves submitting the necessary legal documents and proving that you are capable of handling the responsibilities of managing the estate.
What is a co-executor?
A co-executor is someone who co-ops in the execution of legal documents such as wills.
