The court will appoint an executor either an attorney or a bank. The cost will come out of the estate.
There is no executor of probate. The executor of the estate executes the will and probates the estate.
What is the executor of the estate for the titanic?
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.
In most countries the state takes over the estate and distributes it to the deceased's relatives in accordance with the law. If no relatives can be found the estate becomes the property of the state.
No, the executor works for the estate. The estate will pay the executor a reasonable fee. The beneficiary has limited direction that they can give the executor.
what if the estate executor fee in arkansas
They become part of his estate. The executor of his estate would file the claim against the first estate.
The widow can write a new will or simply have her attorney draft a codicil that names a new executor. The codicil should be drafted and executed with the same formality as a will and attached to it.All executors, whether named in a will or not must be appointed by the court in order to exercise any powers as an executor. In general, if the executor named in a decedent's will has died and no alternate was named, the court will appoint an executor.
how do you figure estate executor fee in colorado
No, the beneficiaries receive the estate. An executor could be a beneficiary
can the executor be liable for estate tax
No one, unless some malpractice is discovered on the part of the executor after the estate is closed and sues the executor. Once the estate is distributed and a final account is filed and approved the executor is discharged and the estate is closed. After that, the executor has no authority.