Executor at Legal Glossary What is it? The person named in a will to handle the property of someone who has died. The executor collects the property, pays debts and taxes, and then distributes whats left, as specified in the will.
Executor - A personal representative, named in a will, who administers an estate.
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Executor's Year definition:
The year from date of death generally granted to the executor to collect and disburse the testator's assets.
Executors And Administrators
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Executor
n. the person appointed to administer the estate of a person who has died leaving a will which nominates that person. Unless there is a valid objection, the judge will appoint the person named in the will to be executor.
Executor or Executrix: A person named in the decedent's will to serve as personal representative in probating the decedent's estate.
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z ...
Executor: A personal representative, named in a will, who administers an estate.
Exhibit: A document or other item introduced as evidence during a trial or hearing.
Exonerate: Removal of a charge, responsibility or duty.
EXECUTOR, ALTERNATE - A will maker's second choice of executor if the first choice cannot or does not choose to serve in the position.
Independent executor - A special kind of executor, permitted by the laws of certain states, who performs the duties of an executor without intervention by the court.
EXECUTOR
A person specifically appointed by a testator to administer the will ensuring that final wishes are respected (i.e. that the will is properly "executed"). An executor is a personal representative.
Executor: A personal representative, named in a will, who administers an estate.
Exhibit: A document or other item introduced as evidence during a trial or hearing.
Exonerate: Removal of a charge, responsibility or duty.
EXECUTOR A person appointed by a testator to carry out the directions and requests in his will and to dispose of property according to his testamentary provisions after he is deceased.
EXECUTOR: Person named in a will to oversee and manage an estate.
EXEMPT EMPLOYEES: Workers not entitled to overtime, generally workers in executive, administrative or professional positions.
executor - A person assigned to carry out the provisions of a will.
exhibit - A paper, document or other article presented and offered into evidence in court during a trial or hearing to prove the facts of a case.
EXECUTOR - Person named in a will to oversee and manage an estate.
EXEMPT PROPERTY - In a bankruptcy, the possessions that a person is allowed to keep.
EXIGENT CIRCUMSTANCES - Emergency conditions or situation.
executor The person designated in a will as the one who is to administer the decedent's estate; also referred to as personal representative.
EXECUTOR, trusts. The word executor, taken in its largest sense, has several accep tations. 1. Executor dativus, who is one called an administrator to an intestate. 2.
Executory devise
Definition
: a devise of an interest in land that will vest in the future upon the occurrence of a contingency and that can follow a fee simple estate ...
Executor fees for 2 executors?
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Executor - A personal representative, named in a will, who administers an estate.
Exempt Property - In bankruptcy proceedings, this refers to certain property protection by law from the reach of creditors.
JOINT EXECUTORS.
It is proposed to consider, 1. The interest which they have in the estate of the deceased. 2. How far they are liable for... more ...
See also: executor will administrator
The People's Law Dictionary by Gerald and Kathleen Hill Publisher Fine Communications ...
Law Terms executor is The person named in a will to handle the property of someone who has died. The executor collects the property, pays debts and taxes, and then distributes whats left, as specified in the will.
This is a certificate proving that the executors are entitled to deal with the estate. When a person dies the executors fill in various forms for the Probate Registry.
Where a personal representative is named in a will, the personal representative is known as an executor.
Where most lawsuits begin with a complaint, actions for relief from judgment, appointment of a guardian or executor, and prayers for injunctive relief may be begun with a pleading entitled "Petition", instead of "Complaint". See pleading.
Ad colligendum bona When a person dies and there is no apparent executor or administrator, a person can be appointed by Court order and for the limited and sole purpose of collecting, ...
The distribution of an intestate's personal property is carried out under the authority of administrators, whose duties are generally the same as those of executors under a will.
Administration - The management and disposition of an estate having no executor.
A personal representative named in a will is called an executor.
Petition: Formal, written submission to court, seeking redress of an injustice.
(see Remand)Administration Bond(see Bond)Administrator (Estate Trustee)A person appointed by the court to administer the estate of a person who has died without a will or the estate of an executor named in a will.
(Ad litem is Latin for "during the litigation.") An administrator ad litem is appointed only if there is no existing executor or administrator of the estate, or if the executor or administrator has conflicting interests.
Want or non-existence of descendants; more particularly, lack of issue who may take an estate limited over by an executory devise. Failure of justice. Defeat of right and justice from want of legal remedy. Failure of record.
If named in a will, that person's title is an executor. If there is no valid will, that person's title is an administrator.
A clause in which a contracting party seeks to exclude himself from liability (e.g. "Cars parked at owner's risk").
Executor; executrix
The name given to a person appointed by someone's will to administer their estate.
The payment of debts and distribution of assets from the estate of a deceased person to his or her beneficiaries. An administrator is appointed where a deceased person dies without making a Will or where an executor is not appointed under a Will or ...
Letters Testamentary - Legal document issued by a court that shows an executor's legal right to take control of assets in the deceased person's name.
Liable - Legally responsible.
fiduciaryA person who has assumed a special relationship to another person or another person's property, such as a trustee, administrator, executor, lawyer, or guardian.
Surety Bond - A bond purchased at the expense of the estate to insure the executor's proper performance. Also referred to as "fidelity bond."
Survivorship - (See joint tenancy.) ...
Some examples are the temporary trusts that the law of some states impose on the executor of an estate, the holding and administration of tax or other pay deductions (including vacation pay) by employers, ...
There are two kinds of personal representatives. Where a person dies without a will, the court must appoint an administrator. Where a personal representative is named in a will, the personal representative is known as an executor.
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