2007-04-17 07:59:30 · 6 answers · asked by gigi 1 in Politics & Government ➔ Law & Ethics
Of course. My will is a case on point. I have a son. I have placed him first in a line of succession to be the executor of my estate. If for some reason he can not or will not be the executor, then it passes on to the next person I have put in line. My son is my sole beneficiary as well, with a line of succession if for some reason he does not survive me. I have a few provisions in my will for certain things I own to be passed on to several other individuals, but nothing very complicated. The most complicated part will be transferring ownership of the real estate. I'm considering putting the house and land into a trust for my son that I manage so I can still live in the house like I am now.
2007-04-17 08:16:45 · answer #1 · answered by rowlfe 7 · 0⤊ 0⤋
you mean executor of a will? Yes, they can, and often are beneficiaries. Don't envy them, however. Their actions are directed by and closley monitored by the courts. It involves duties like filing the deceased income tax and selling their assets. The executor is entitled to pay themselves a reasonable amount of money for their time. Once the person accepts the executor status, they have to be released by a judge after submitting evidence that they have completed all responsibilites associatd with disposing of the estate.
2007-04-17 08:09:02 · answer #2 · answered by Fancy That 6 · 0⤊ 0⤋
Yes, they usually are, unless there is cause for bad blood between beneficiaries.
2007-04-17 08:05:20 · answer #3 · answered by DeltaQueen 6 · 0⤊ 0⤋
Yes, but be aware that the rest of the family may have some negative feelings about this, and you may want to talk it over before deciding that.
2007-04-17 08:08:18 · answer #4 · answered by ALFimzadi 5 · 0⤊ 0⤋
Yes.
2007-04-17 08:04:31 · answer #5 · answered by Old Uncle Dave 4 · 0⤊ 0⤋
Yes; they often are
2007-04-17 08:03:11 · answer #6 · answered by wizjp 7 · 0⤊ 0⤋