executor

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Related to executorship: executrix

Executor

An individual or trust institution nominated in a will and appointed by a court to settle the estate of a deceased person.

Executor/Executrix

A person who administers the estate of a deceased person. The executor (if male) or executrix (if female) is responsible for gathering all of the decedent's assets and giving them to the appropriate beneficiaries. He/she is often a family member or lawyer who is either appointed in the decedent's will or by a court. The executor/executrix has a fiduciary responsibility to act on behalf of the decedent and to fulfill, as closely as possible, the wishes set forth in the will. Persons under 18 and convicted felons cannot serve as executors.

executor

One named in a will to fulfill the wishes of a decedent regarding the disposition of assets. Today, the word refers to both males and females serving in that capacity. At one time, executor referred only to males,and the female was called an executrix.

References in periodicals archive ?
STEP members come from the legal, accountancy, corporate trust, banking, insurance and related professions, and are involved at all levels in the planning, creation and management of, and accounting for, trusts and estates, executorship and related taxes.
Most importantly, get some good advice that makes sense on estate planning, will writing, executorship and trust services to help minimise your income and inheritance tax liability.
Shopping(2), up to 20% discount on executorship fees and access to the members' area of the AllMy website, which offers discounts on other relevant software programs and computer hardware.
16) Holburne Archive, Letter, 1820-21, from Sir William at Harewood to his mother, Lady Holburne, in Bath; 1829 from Sir William to Miss Sophia Holburne re Lord Harewood's executorship of Lady Holburne's estate.