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An executor is the fiduciary who, upon your passing, is responsible for managing every aspect of your estate. Often an executor’s duties entail a great deal of work, such as tracking down and ...
Executors can’t change the terms of the will; they can only see that its terms are carried out. An executor can collect a fee for their services, which is typically a percentage of the value of ...
When someone passes away, it's up to their executor to handle the probate process. But what happens if the executor of a will dies? While that's a rarity, it can create complications as someone ...
It is also the executor's job to locate, manage and disburse the assets of the estate. In identifying and locating the estate's assets, you will likely turn for help to the attorney who prepared ...
Q: I’m the executor of my mother’s estate. The sale of her house and its belongings will be divided evenly among her surviving children. I had the home’s furnishings appraised and am ...
The executor of an estate is the person legally responsible for carrying out the wishes of a deceased person and closing the estate after someone dies.
1. Get A Copy Of The Will. When someone passes away, one of the first things you need to do as an executor is to get your hands on the will.This document is your roadmap, laying out the deceased ...
The executor may be able to mitigate that tax hit through timing of income (plan distributions) and deductions (such as payment of deductible expenses), choices regarding fiscal year and other ...
I am the executor of my aunt’s estate, I have paid all taxes and have the stocks in an account. There are three cousins who will not sign off on the distributions I planned.
We also both hired attorneys and the executor, a family friend, is moving slowly. It’s been more than a year and now my sister and I are fighting over the estate. She’s in no rush to sell the ...