Search results
Results from the WOW.Com Content Network
A: Irrespective of whether the executor is paid for his or her work, the executor is held to high standards in many courts, and charges may be brought by beneficiaries if the executor spent estate ...
For premium support please call: 800-290-4726 more ways to reach us
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.
An executor needs to be mature, capable of handling life events with a level head and have an honest heart. Choosing an executor is a vital part of the estate planning process | Dave Ramsey Skip ...
The administrator of an estate is a legal term referring to a person appointed by a court to administer the estate of a deceased person who left no will. [1] Where a person dies intestate, i.e., without a will, the court may appoint a person to settle their debts, pay any necessary taxes and funeral expenses, and distribute the remainder according to the procedure set down by law.
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.
If you're inheriting through a will, you'll need the executor's involvement and possibly court documents. Notify the brokerage firm of the death. Contact the firm's estate department to inform ...
If there is a will, an executor of the state should be named. In the event that there is no will, a family member will typically become the estate administrator. In both cases, the bank account is ...