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Estate tax: The federal estate tax only applies to estates valued at $12.92 million or higher (for 2023 deaths) or $13.61 million (for 2024 deaths). In addition, six states have a separate ...
If you appoint someone you love as executor, get your house in order. Otherwise, appoint someone you do not." If you know someone with a law degree or an accounting background, they may be a good ...
When someone dies, others may be called on to manage their estate. An executor is charged with overseeing the distribution of someone's assets according to the will or state inheritance laws if ...
In common law jurisdictions, a personal representative or legal personal representative is a person appointed by a court to administer the estate of another person. If the estate being administered is that of a deceased person, the personal representative is either an executor if the deceased person left a will or an administrator of an intestate estate. [1]
An executor is a person appointed by a will to act on behalf of the estate of the will-maker (the "testator") upon his or her death. 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.
In most circumstances, the executor is the representative of the estate for all purposes, and has the ability to sue or be sued on behalf of the estate. The executor holds legal title to the estate property, but may not use the title or property for their own benefit, unless permitted by the terms of the will.
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