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As an executor, you can be held liable if you make distributions too soon before taxes or creditors are paid. Adhere strictly to the timeline that the law enforces. Your lawyer can help you with this.
Symbolic robed figure of a medieval public executioner at Peter and Paul Fortress, Saint Petersburg, Russia Photograph (hand-coloured), original dated 1898, of the lord high executioner of the former princely state of Rewah, Central India, with large executioner's sword (Tegha sword) Depiction of a public execution in Brueghel's The Triumph of Death 1562–1563 Stylised depiction of public ...
Continue reading ->The post Executor Fees: What You Can Expect to Pay appeared first on SmartAsset Blog. Some people may feel guilty about taking money for serving as the executor of a will. This ...
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 ...
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.