Topic: Responsibilities of an Executor
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Answers to Common Questions
What Are the Responsibilities of a Living Trust Executor?
A living trust executor is also referred to as a trustee and an administrator, named as a part of the living trust. When the trustor (former owner of the trust property) signs the trust agreement establishing separate ownership of a life in... Read More »
Source: http://www.ehow.com/facts_7195033_responsibilities-living-trust-e...
What are the responsibilities as executor of a will?
The first is to value the estate and inventory all the assets. The next is to identify all of the creditors. Then provide a plan to the court as to how the debts will be settled. They also have to file the tax returns for the estate. If the... Read More »
Source: http://wiki.answers.com/Q/What_are_the_responsibilities_as_execut...
What are the legal responsibilities of an executor?
Answer To inventory the estate, pay off the debts and taxes of the estate from the assets and execute the will. Complete records and accounting must be kept and submitted to the court. Read More »
Source: http://wiki.answers.com/Q/What_are_the_legal_responsibilities_of_...
More Common Questions
Answers to Other Common Questions
The executor of an estate has tremendous responsibility from small tasks to large ones. the executor of the deceased's estate must make sure all of the deceased's taxes and debts are paid, and then distribute what is left to the appropriate...
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Source: http://wiki.answers.com/Q/What_is_the_executor_of_a_will_responsi...
An executor is the e person who is responsible for settling the details of a deceased person's estate. There can be a single executor or one or more people charged with this job. An executor can be related to the deceased person, can be a f...
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Source: http://wiki.answers.com/Q/What_is_the_meaning_of_an_executor_and_...
When the final account has been filed with the court and allowed.
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Source: http://wiki.answers.com/Q/When_does_an_executor's_responsibility_...
Responsibilities of the executor is a long list. One is to ensure that all property is protected, including insurance & locks.
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Source: http://www.chacha.com/question/what-are-the-responsibilities-of-t...
This is in no way to be considered legal advice, but I did work for an estate planning attorney! My understanding is: An executor of a Will can either be designated by the creator of the Will or by a court of law. Your responsibilities will...
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Source: http://answers.yahoo.com/question/index?qid=20070330090502AA65c7l
I'm assuming you mean about a will? If so it is the job of the executor to ensure that the requests in a deceased will are carried out to the letter and that all bills, loans, payments etc are paid out. It is also their responsibility to de...
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Source: http://answers.yahoo.com/question/index?qid=20090911110122AAOrZGE
On a personal level, you will not inherit his debt. You will be responsible for paying it off through his assets, and will have to give a full disclosure to the court that what bills were paid and how before distributing any property to beq...
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Source: http://answers.yahoo.com/question/index?qid=20090505115237AABX0hb
