executor


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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 ?
Now suppose that Jim's executor had elected portability on Form 706.
The event that triggers application of 31 USC section 3713(b) is the transfer of property to a beneficiary or creditor of an estate other than the United States, provided: 1) the estate is insolvent or is rendered insolvent at the date of transfer, and 2) the executor had actual or constructive knowledge of the outstanding liability to the IRS.
The executor filing the Form 706 must state at the top of this form that it is "FILED PURSUANT TO REV PROC.
Not only should the person crafting the will take this into consideration when appointing an executor, but the potential executor should consider their time, energy and ability to either work through the administration of an estate or recognize when they need to call in help before agreeing to be an executor.
View the EXEcutor Broadcast Servers in action across a variety of agile workflows and broadcast environments.
The court-appointed executor may not know you, your family, your wishes, or your family's needs.
The struggle over this force is just beginning--and The Circuit: Executor Rising promises a rollicking ride, indeed.
Data collection of the study is field work, that is from among the radio programs, several programs where there are both female and male executors, are selected as the data of the research and the obtained results that are the linguistic corpus of the research, are written down on papers and the analysis of this linguistic corpus, is implemented as based on selecting the terms and the speech style and the results are analyzed and explained based on this criteria.
If you have already appointed a professional executor in your will but are wondering whether you got the best deal, it might be worth reviewing.
Only an executor who is appointed, qualified, and acting on behalf of the decedent's estate can either make or opt out of the election.
License, malpractice policy, and managed-care contracts are kept by the professional executor.