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effort involved, although in a number of jurisdictions, the amount is instead set as a percentage of the overall estate. For example, in
California the executor is entitled to 4% of the first $ 100K of estate value, 3% of the next $ 100K, and so on. In other countries, such as the United Kingdom, the executor is
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In some countries, such as the United States, an executor is automatically entitled to compensation for his or her services, although this amount varies dramatically by jurisdiction. Unless specifically set by the will, this compensation is often determined by what is considered "reasonable" for the
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Any person designated as an executor may choose not to administer the estate. In the UK, upon making that choice the designated person may execute a "power reserved" letter, which will allow the person to later act as executor if the person named on the Grant of
Probate is removed or is no longer
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to the estate property, but may not use the title or property for their own benefit, unless permitted by the terms of the will.
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automatically entitled to compensation, although compensation can be directed within the will or on application to a court.
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to carry out the instructions of the will. Typically, the executor is the person responsible for offering the will for
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is someone who is responsible for executing, or following through on, an assigned task or duty. The feminine form,
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if the actions do not contradict the substantive provisions of the deceased's will or the rights of heirs at law.
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are calculated, necessary forms are filed, and the corresponding payments are made. They will also assist the
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for all purposes, and has the ability to sue or be sued on behalf of the estate. The executor holds legal
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of the deceased's estate may instead be appointed. The generic term for executors or administrators is
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A person who deals with a deceased person's property without proper authority is known as an executor
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with the estate. Additionally, the executor acts as a legal conveyor who designates where the
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or other organizations. In most circumstances, the executor is the representative of the
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to the beneficiaries as designated in the will, obtaining information of potential
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An executor is a legal term referring to a person named by the maker of a
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Executor Pay: Fees for the
Executor or Administrator of an Estate
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When there is no will, a person is said to have died
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87:The examples and perspective in this article
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364:of all important aspects of the article.
261:Relevant discussion may be found on the
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650:) governing executors of estates. Via
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48:This article has multiple issues.
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419:or nominated by the
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107:create a new article
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89:may not represent a
19:For other uses, see
604:Alzheimer's Society
562:Executorial trustee
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673:Legal professions
668:Legal terminology
572:Literary executor
519:executor nominate
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370:January 2022
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567:Inheritance
480:de son tort
28:Executioner
662:Categories
609:25 January
583:References
460:bequests,
443:' claims.
323:March 2019
293:newspapers
282:"Executor"
217:March 2019
187:newspapers
176:"Executor"
115:March 2019
53:improve it
492:intestate
456:donations
441:creditors
405:executrix
354:summarize
263:talk page
103:talk page
59:talk page
627:Archived
546:See also
452:attorney
429:property
421:testator
401:executor
97:You may
464:charity
425:probate
307:scholar
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286:news
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