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What are the rights of each brother when one is executor of the trust?
Wiki User
∙ 16y ago
I am the executor of my mother's estate. When she passes away, I am the one who has to see that all of her debts are paid, buriel is taken care of, who she owes, notifying all creditors, etc. about her death. Making sure Social Security is notified. Each beneficiary is entitled to a full accounting of what the distribution of the estate is. The Executor is responsible for meeting all the requirements of the probate court and providing full documentation and valuation to the court.
Wiki User
∙ 16y ago
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Should a brother charge his sister executor fees if he is named as executor but they are to share the inheritance equally?
It is up to the brother. Most state probate codes allow the executor to charge a fee for their services. Executor duties and responsibilities can take up a lot of time. If there are only two beneficiaries, that will cut down on the executor's tasks somewhat. The brother should keep detailed time sheets for any time spent on estate matters and a deteiled account of any money spent on parking, postage, copying or other costs. The brother can then decide toward the end of his duties whether he wants to charge the estate or not. The executor's fee is a cost of the estate and should be paid before any assets are distributed so that brother and sister each pay equally.
Your brother that is 11 has friend and they showed dick to each other is that means he is gay?
Not nessecarially. It might just mean they really trust each other or something.
Does the executor have the rights to a key if a brother lives in a late parents house were the will as not been settled between siblings?
should the executor have a key to late parents house if a brother lives in it. The will as never been settled due to a disagreement between siblings parents passed away twelve and thirteen years ago. Also should i take an inventory of items in the house which i have tried to do brother says no ' Brother living house says he's sold Doulton Figuars i need answers because i have to answer to the rest of the family. Brother pays no rent and thinks I'm not being fair to him and he turns nasty with me each time i bring the matter up. The house as to be sold one day when my brother departs from this world so therefore i have to get things in the right order, many thanks Margaret
What if there isn't an executor assigned or a will left?
The court will appoint an executor. Each state has specific laws regarding an estate with no will.
Does an executor get paid for their time?
Yes. Generally, the fees paid to the executor for handling the estate are set forth in the probate code in each jurisdiction.Yes. Generally, the fees paid to the executor for handling the estate are set forth in the probate code in each jurisdiction.Yes. Generally, the fees paid to the executor for handling the estate are set forth in the probate code in each jurisdiction.Yes. Generally, the fees paid to the executor for handling the estate are set forth in the probate code in each jurisdiction.
Both spouses died within a short time of each other. Can the wife's executor who was given the house in trust deny access to the house and assets to husband's executor without notice?
You haven't been specific enough in your details. If the husband died first while the wife was living and property ended up in the wife's estate, and from there went into a trust, then the property may be out of reach of the husband's executor. It depends on how the couple held title, if husband's interest passed to the wife while she was living, if the husband had any creditors, and the laws in your jurisdiction.
Does an executor have full control of how the estate is divided if there is no will?
The executor has no control over how the estate is divided. Each state has laws on how the property is divided when there is no will.
What rights as a half brother to you have to see your half brother and sister?
As always, as long as you are a minor your parents decide. So once you are of adult age, and your half siblings, you can contact each other.
What rights as a half brother do you have to see your half brother and sister?
As always, as long as you are a minor your parents decide. So once you are of adult age, and your half siblings, you can contact each other.
What is the Meaning of each letter in trust?
TRUST
How is information organized in the bill of rights?
Information is grouped together by the subject of each amendment. (apex)
How long does an executor have to administer a will in NC?
As long as it takes. Not trying to be flippant, but each estate is different and there is no legal limit. The executor has to make regular reports to the court to demonstrate movement.
