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An independent executor is one who works independently from the court. A dependent executor must seeks the court's permission to perform most acts, such as selling property, borrowing money, or distributing assets.
A person or entity could be either dependent or independent. For example, a spouse would typically be independent, but might be dependent if there were controversy in the case. The test is usually whether there needs to be court oversight.
Please be aware that each state has different laws on this subject. The above specifically refers to Texas, but is fairly general. Some states might be quite different.
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What is the difference between co-executor and independent co executor?
What is the difference between an independent co-executor and a co-executor
How can an incapacitated independent co-executor of an estate be replaced?
The co-executor must resign and the court can appoint a successor if an independent co-executor is necessary.The co-executor must resign and the court can appoint a successor if an independent co-executor is necessary.The co-executor must resign and the court can appoint a successor if an independent co-executor is necessary.The co-executor must resign and the court can appoint a successor if an independent co-executor is necessary.
What is the difference between dependent and independent events in terms of probability?
What is the difference between dependant and independent events in terms of probability
Does a will become null and void if the executor is a friend of the widow?
No. A person making a will usually chooses a friend or relative to be their executor. The executor may even be someone who benefits from the will. There is no requirement for the executor to be 'independent' in any way.
What is the difference between an independent insurance agency and an independent insurance agent?
The agency is the business and the agent is a person.
What is the difference between independent retailer and chain retailer?
the answer to the this question is.......yes
What is the difference between dependent and independent variable in chemistry experiments?
gbf
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.
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.
The difference between and audio engineer and an independent audio engineer?
The independent audio engineer would be self employed.
What does the probability of a independent event that is likely to happen?
It is a real number between 0.5 and 1. Whether or not it is independent makes no difference to this answer.
What is the difference between the independent and dependent variable on graphs?
it has something to with mathematical graphs
