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 ?
4) Even today there are no regulations guiding the preparation of trust and executorship accounts in Britain.
104] acknowledges Hardcastle, as do Gottsberger, Loomis, and Sprague, as setting "the pattern used by most authors down to the present time" in his discussion of executorship reporting.
Brown died shortly after Morgan's Maugham came out in 1980, and the literary executorship passed to the Royal Literary Fund, a British organization that provides assistance to authors in financial distress.
Under Leonard's executorship, Muirpace was 'riddled with fraud', he said.
Michael Millgate has recently seen editors in just such a 'quasi-executorial capacity', arguing that they may 'be said to have self-appointed themselves to positions of supplementary literary executorship, and to have assumed in so doing some portion of the moral burdens more directly shouldered by those specifically named to such positions under the terms of the author's will'.
The professional examinations tested candidates in book-keeping and accounts; auditing; the adjustment of partnership and executorship accounts; the rights and duties of liquidators, trustees, and receivers; the principles of the law of bankruptcy; the principles of the law relating to joint stock companies; the principles of mercantile law; and the principles of the law of arbitration and awards [ICAEW, 1882, p.