It means you are "basically" your father in the sense that you are finishing up paying your bills, arranging your funeral etc. You are also the "boss" of his estate including dispersing any monies or property according to his will. If you are not sure about the "power of attorney" that is associated with this position, consult your father's attorney for more details. As Executor (in some states) the Excutor is allowed a small payment for their "services" if they so wish. The Executor has the power to sell anything that is not willed to someone but those monies must also then be included as part of the estate. You also will have to disconnect/cancel any car insurance(s), phone, gas etc, notify the Social Security and DMV of his death including getting all the death certificates for each, his credit cards, banking, home owners insurance and such. Each will require a death certificate. Usually the funeral homes can provide you as many of them as you might need.
To inventory the estate, pay off the debts and taxes of the estate from the assets and execute the will. Complete records and accounting must be kept and submitted to the court.
To preserve the estate, inventory it and settle all debts. They must provide a complete accounting to the probate court.
Generally, an executor doesn't need to be the "legal spouse".
The will must be admitted to probate. The executor must be appointed by the court. Then, the executor must do something that violates their legal responsibilities. That could take months or that may never happen. You seem to already have something in mind.
Yes. An executor has no legal authority until they have been appointed by the court.Yes. An executor has no legal authority until they have been appointed by the court.Yes. An executor has no legal authority until they have been appointed by the court.Yes. An executor has no legal authority until they have been appointed by the court.
Anyone that is of legal age can be an executor.
The executor does not have any rights or responsibilities before the person dies. Being paid makes no sense and is not a legal right.
A trust doesn't have an executor. It has a trustee. The trustee manages the trust according to the terms of the trust.
That depends on who you are and what your legal standing is regarding whatever the executor is handling.
A co-executor is someone who co-ops in the execution of legal documents such as wills.
Petition the court to replace the executor.
The Will must be approved and the executor must be appointed by the court or they have no legal authority.The Will must be approved and the executor must be appointed by the court or they have no legal authority.The Will must be approved and the executor must be appointed by the court or they have no legal authority.The Will must be approved and the executor must be appointed by the court or they have no legal authority.
Yes. Both give the executor the legal authority to settle the estate according to the provisions in the will.Yes. Both give the executor the legal authority to settle the estate according to the provisions in the will.Yes. Both give the executor the legal authority to settle the estate according to the provisions in the will.Yes. Both give the executor the legal authority to settle the estate according to the provisions in the will.
An Executor signing a legal document for an Estate must include "Executor, Estate of...." Also, as Executor, you may have to request various information (non legal)in writing, and must include Executor, Estate of with your signature. Some info may require proof of your appointment as executor in the form of Letters of Testamentary. Some may also require including a copy of the Death Certificate.