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Rhonda Griswold, a Cades Schutte law firm partner, joins producer/host Coralie Chun Matayoshi to discuss your fiduciary duties as an Executor or Trustee, things you need to do, notice and ...
Q:Can you get compensated for the time you put in as an executor? A: The executor fee is calculated in many states as a percentage of probate assets, not time spent. Probate assets mean the ...
Executor vs. Beneficiary Rights Executors and beneficiaries play different roles in the probate process and as such, they have different rights and responsibilities.
An executor is a legal term referring to a person named by the maker of a will or nominated by the testator to carry out the instructions of the will. Typically, the executor is the person responsible for offering the will for probate, although it is not required that they fulfill this.
The court has the authority to compel an executor to give an account of their actions. In some jurisdictions (e.g. Texas ) probate courts also handle other matters, such as guardianships, trusts, and mental health issues (including the authority to order involuntary commitment to psychiatric facilities and involuntary administering psychiatric ...
An executor is the legal personal representative of a deceased person's estate. The appointment of an executor only becomes effective after the death of the testator. After the testator dies, the person named in the will as executor can decline or renounce the position, and if so should quickly notify the probate court accordingly.
If they fail to do so, an executor can be removed. What Happens If the Executor of a Will Dies Before the Testator? The testator is the person who makes the will and the person on whose behalf an ...
However, it can also be granted in cases where the chain of representation is broken. Such would happen, for example, when the executor of a will has obtained probate, but then dies intestate. (Normally, if the executor dies testate, the representation passes to the executor of the first executor's estate upon probate of the latter's own will.
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