2007-07-02 04:53:04 · 4 answers · asked by petite_hazel 1 in Business & Finance ➔ Insurance
Executor of the estate, is someone appointed either by the court, or in someone's will, to either carry out the terms of the will, or the judge's ruling of inheritance, (which means, distribute an estate - estate meaning ASSETS) on behalf of a deceased person.
They have to take that person's money, pay off their debts, and sell or transfer posessions, and give the money to the heirs.
2007-07-02 05:11:03 · answer #1 · answered by Anonymous 7 · 0⤊ 0⤋
executor ?
if some one died leaving behind an estate, an executor need to be appointed to oversee the entire distribution process of the estate which include paying off estate duty, paying off creditors , mortgages and etc. The remaining sum will be distributed in accordance to the dead person's will.
Only someone who is trustworthy and reliable can be appointed as an executor. Some law require an executor to be someone who is financially sound and with a sound mind.
No one likes to be in this position.
2007-07-02 12:14:38 · answer #2 · answered by Insurance 3 · 0⤊ 0⤋
Executor? That's the person who is responsible for seeing that the estate is settled properly, according to the will if there is one.
2007-07-02 12:03:30 · answer #3 · answered by Judy 7 · 0⤊ 0⤋
executor or executrix is one appointed to conclude the estate after the death of some body. they are the one that acts in place of that person. they can sign documents etc on behalf of the decedent.
2007-07-03 01:22:35 · answer #4 · answered by cat f 1 · 0⤊ 0⤋