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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. A person who deals with a deceased person's property without proper authority is known as an executor de son tort .
Continue reading ->The post An Executor's Responsibilities to Beneficiaries appeared first on SmartAsset Blog. The executor of a will has a fiduciary duty to act in the best interest of the estate ...
Additionally, the executor must secure and manage all estate assets of the decedent during the period it takes to probate a will, which could be as little as a few months or as long as a year. 3 ...
An Executor Plays a Pivotal Role in the Estate Settlement Process. ... The duties and responsibilities of an executor include: Creating an inventory of the deceased person’s estates.
As: Being the executor of an estate can eat up a few hours a week during the beginning and end of the administration, with less time required during the longer middle period. If the decedent had ...
A trust company can be named as an executor or personal representative in a last will and testament.The responsibilities of an executor in settling the estate of a deceased person include collecting debts, settling claims for debt and taxes, accounting for assets to the courts and distributing wealth to beneficiaries.
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