Yahoo Web Search

Search results

      • An executor is the person who administers a person's estate upon their death. An executor is often named by the testator before their death, or else by a court. The primary duty is to carry out the wishes of the deceased person based on instructions spelled out in their will or trust documents.
      www.investopedia.com › terms › e
  1. People also ask

  2. Feb 29, 2024 · An executor is the person who administers a person's estate upon their death. An executor is often named by the testator before their death, or else by a court. The primary...

    • Julia Kagan
  3. Jan 25, 2023 · An executor is a person, bank or trust company named in the will of a deceased person that is tasked with carrying out the wishes of the deceased...

  4. The executor of an estate is a person, usually named in the will, who supervises and leads the process of settling someones estate after they pass away. Once the executor of the estate is recognized by the probate court, they’ll be issued a letter of testamentary, which is a legal document granting the executor access to accounts to pay ...

  5. Jan 11, 2023 · Updated on: January 11, 2023 · 2 min read. Need a simple, non-legalese “executor" definition? An executor is the person who handles a deceased person's estate, making sure all property is distributed according to the decedent's wishes and that all debts are paid.

  6. Sep 1, 2021 · An executor is the legal representative of a deceased person's estate and they have a fiduciary duty to act in its best interests. If you’ve been named executor in a will, you can turn down your role. Estate executors are typically paid a fee for their duties. Choosing an estate executor.

  7. Apr 30, 2015 · An executor is a person who has been given the responsibility of taking care of an estate, including any existing financial issues, after a person dies. The executor of a will can be a family member or friend, most commonly being a child or a parent, or may be a legal representative.

  8. Oct 6, 2023 · Updated: Oct 6th, 2023. When you draft a will, you appoint someone you trust to serve as your executor. After you die, that person will be responsible for wrapping up your estate (the property you leave behind).

  1. People also search for