executor or executrix

executor or executrix

The person or institution that administers and disburses the assets of an estate. The executor is charged with various duties, including identifying assets, paying taxes, taking care of debts, and distributing the balance to appropriate individuals and organizations. Executor is masculine and executrix is feminine.
References in periodicals archive ?
QTIP trust--gives the surviving spouse a right to all income for life, with principal to children, or others, upon death of the surviving spouse (the executor or executrix must make this election, it cannot be mandated in the will).