Yes.
In Kansas, the executor is entitled to a fee for their services typically based on a percentage of the value of the estate. The amount of compensation can vary and is subject to agreement between the executor and the beneficiaries or approval by the court. It is recommended to review the specific details of the estate in question and consult with legal counsel for guidance.
In some cases, the terms of a trust fund can be changed through a process called trust modification. This typically requires approval from all beneficiaries and/or a court order, depending on the specific circumstances and laws governing the trust. It is important to consult with a legal professional to understand the options available for modifying the terms of a trust fund.
Since a beneficiary has no fiduciary responsibility to the trustee it is unlikely the trustee would encounter a situation where she would need to sue a beneficiary unless perhaps the beneficiary had stolen or damaged trust property. In that case a suit could be brought in the appropriate court. More common are suits by the beneficiaries against the trustee.
Patents are submitted for approval and protection to the United States Patent and Trademark Office (USPTO).
Approval, authorization, endorsement.
No, an executor cannot sell estate property without obtaining approval from all beneficiaries.
Yes, the only approval necessary is the court's.
Approval is a statement granting permission for an act.
The beneficiaries don't get to make the determination. As long as the court is satisfied, the executor can do so.
The tasks vary by organization and may include transaction approval and or statement approval.
Click the Show statement Approval History
The tasks vary by organization and may include transaction approval and or statement approval.
Click the Show statement Approval History
Click the Show statement Approval History
Click the Show statement Approval History
The executor is responsible for executing the will. The approval of the beneficiaries is not a requirement.
The answer depends on the laws of the state the probate is in, the terms of the will and the facts of the situation. First, what does the will say? It may say the executor has full power to sell in his/her discretion. In that case, the beneficiaries do not have to approve. If the will says nothing specific about a power of sale then look to the laws of the state. Every state has laws that spell out what executors can and cannot do. The laws of the state of probate might provide that an executor has to obtain a court order to sell the property. If it does, any of the beneficiaries might object to the sale when the executor applies for the order; however, the objector will have to prove the objections are valid.