Topic: Executor Role
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Answers to Common Questions
What is the the role of an executor?
The executor of a will is the person responsible for making sure the wishes of the testator are carried out. They are responsible for paying off the debts and distributing the assets. They also have to pay taxes and file the appropriate rep... Read More »
Source: http://wiki.answers.com/Q/What_is_the_the_role_of_an_executor
What is the role of executor of a will?
The executor is required to fulfill the requirements of the will. If there is no will, they need to follow the state's rules for intestacy. The executor is entitled to compensation. They are also responsible for a full inventory of the esta... Read More »
Source: http://wiki.answers.com/Q/What_is_the_role_of_executor_of_a_will
What happens if one of two executors of a will dies and the other...
The court will not allow the lack of an appointed executor to affect the estate. They court will appoint an executor. In many cases this will be an attorney or a bank. Read More »
Source: http://wiki.answers.com/Q/What_happens_if_one_of_two_executors_of...
More Common Questions
Answers to Other Common Questions
The executor of a trust see's that everything that your father had or any bills that he owes will be taken care of. If there is a will the will should be read with all sibleys. The trustee has to see that any bills that your father owed get...
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Source: http://www.webanswers.com/home-garden/what-is-the-executor-of-a-t...
The remaining executor can submit a resignation to the court and request that a successor be appointed.
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Source: http://wiki.answers.com/Q/What_happens_if_one_of_two_executors_of...
Second, the Executor is responsible for meeting all the legal and financial requirements of settling an estate and managing the assets until they are distributed or placed in a trust. A Trustee is responsible for all aspects of operating a ...
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Source: http://www.querycat.com/question/08164576e06278ee3a773d7794404ea3
The duty is quite onerous at times. What the executors do is to gather up all the assets of the estate. To make sure any taxes are paid, to pay any outstanding bills. To put it even simpler, to get together everything that the dead person h...
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Source: http://answers.yahoo.com/question/index?qid=20100201100105AAJHjAK
The executor or trustee is the person (or persons, if you name cotrustees or coexecutors) who will collect all of the assets in your estate when you die, pay any taxes and creditors, and distribute the assets to your intended beneficiaries.
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Source: http://www.barrattorneys.com/faq/
During the probate process, the executor must find, secure and manage the assets of the deceased. This takes between a few months to a year. Depending on the contents of the will and on the amount of debts the deceased had, the executor may...
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Source: http://www.trustmakers.com/Asset-Protection-Information/faqs-prob...
Executors are the people that you name in your Will as being responsible for administering your estate upon your death, including dealing with any outstanding tax liabilities, perhaps most notably, Inheritance Tax. Many people choose to nom...
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Source: http://www.chamberlyns.co.uk/news/wills.htm
