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clkelyqld2
Posted: Fri 5:02, 11 Oct 2013
Post subject:
As an executor of will, you must at all time act with utmost impartiality, scrupulousness and honesty on behalf of the deceased and his or her beneficiaries. You decisions should not favor any party but should go according to the death will of the deceased.
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An executor of a will is a legal person chosen by a deceased person to take the responsibility of administering the provisions of a will regarding his or her estate.
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An executor of a will is a legal person chosen by a deceased person to take the responsibility of administering the provisions of a will regarding his or her estate. To be legally qualified to act as an executor of will, you must be at least eighteen years of age or older and of sound mind, in addition to
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The appointed administrator is given the same responsibilities as a legal settled for executor,
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in matters regarding the administration of deceased people's estates, besides having no knowledge on how the deceased would have preferred to dispense his or her assets to the heirs and the likes. When a deceased person settles for his or her own executor, those left gets to know exactly the type of a memorial service he or she would prefer.
Generally, the duties and responsibilities on an
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executor of a will starts right at the time of the death until the last state and federal taxes have been prepared and submitted. Apart from this, accounting for the deceased assets and their final distribution as to the will of the deceased to the beneficiaries also fall under the executors or
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estate administrators shoulders.
If an estate is vast enough, therefore may pose problems when being handled over to its beneficiaries, one or several co-executors maybe opted for. For example, a company of certified public accountants, a lawyer and a financial advisor may be chosen with an aim of guiding the settled for executor through the process. Normally, in the will, a successor executor of will is also named.
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If the original executor of will due to one reason or the other is unable to take upon the responsibilities given to him or her or predeceases the deceased, then a successor executor executes
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When the will is being prepared, both the primary executor and successor executor of will have to be notified and upon acceptance, their
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will should be made aware of where the will is to be stored or preferably have a copy of the same.
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clkelyqld2
Posted: Wed 9:33, 09 Oct 2013
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