- Can an executor do whatever they want?
- How long does an executor have to distribute funds?
- Can executor withhold money?
- Can the executor of a will make all the decisions?
- Who is the best person to have as an executor of a will?
- What happens if an executor doesn’t follow the will?
- Can executor cheat beneficiaries?
- Can an executor of a will benefit from the will?
- Does the executor of a will have the final say?
Can an executor do whatever they want?
Executors do not have to answer every single question you have.
They have to keep you informed.
Estate beneficiaries can take an active role by questioning executors.
Beneficiaries can’t insist on any distribution until the will has been probated..
How long does an executor have to distribute funds?
How long does the executor have to distribute the estate? Generally, an executor has 12 months from the date of death to distribute the estate. This is known as ‘the executor’s year’.
Can executor withhold money?
But that has nothing to do with their duties as executor. Can an executor of a will legally withhold a beneficiary’s share of the estate stipulating it will be withheld unless and until that beneficiary seeks help with their addiction.
Can the executor of a will make all the decisions?
The executor is under strict duty to carry out the directions of the will however he or she may exercise broad discretion as to how this is done. Provided the executor is acting in accordance with the will, they do not need to make decisions that all of the beneficiaries agree with.
Who is the best person to have as an executor of a will?
It’s a good idea, though, to choose two executors in case one of them dies before you do. For example, you might choose one family member and one professional, like a solicitor or accountant. Professional executors tend to charge, but it can be helpful to have someone involved with specialist knowledge.
What happens if an executor doesn’t follow the will?
The probate court judge and the support staff for the probate court supervise the work that the executor does. The court can remove an executor who is not following the law, who is not following the will, or who is not fulfilling his duties. The court can appoint a new personal representative to oversee the estate.
Can executor cheat beneficiaries?
As an executor, you have a fiduciary duty to the beneficiaries of the estate. That means you must manage the estate as if it were your own, taking care with the assets. So you cannot do anything that intentionally harms the interests of the beneficiaries.
Can an executor of a will benefit from the will?
When making a Will, people often ask whether an Executor can also be a Beneficiary. The answer is yes, it’s perfectly normal (and perfectly legal) to name the same person (or people) as both an Executor and a Beneficiary in your Will.
Does the executor of a will have the final say?
No, the Executor does not have the final say but can petition the courts when an estate matter arises that calls for a sale of a property, for example, that best suits the Testator of the will and all the beneficiaries.