AskDefine | Define executor

Dictionary Definition

executor n : a person appointed by a testator to carry out the terms of the will

User Contributed Dictionary

English

Noun

  1. a person who carries out some task
  2. someone appointed by a testator to administer a will; an administrator

Related terms

Translations

Extensive Definition

This article is about the legal term. For other uses of the term, see Executor (disambiguation).
An executor, in the broadest sense, is one who carries something out (in other words, one who is responsible for executing a task).
Executor (female form: executrix) is also a legal term referring to a person named by a maker of a will, or nominated by the testator, to carry out the directions of the will. Typically the executor is the person responsible for offering the will for probate, although it is not absolutely required that he or she do so. The executor's duties also include the disbursement of property to the beneficiaries as designated in the will, obtaining information about any other potential heirs, collecting and arranging for payment of debts of the estate and approving or disapproving creditors' claims. An executor also makes sure estate taxes are calculated, necessary forms are filed and tax payments made, and in all ways assists the attorney for the estate. Also the executor makes all donations as left in bequests to charitable and other organizations as directed in the will. In most circumstances the executor is the representative of the estate for all purposes, and has the ability to sue or be sued on behalf of the estate. The executor also holds legal title to the estate property, but may not use that property for the executor's own benefit unless expressly permitted by the terms of the will.
A person who deals with a deceased person's property without proper authority is known as an executor de son tort. Such a person's actions may subsequently be ratified by the lawful executors or administrators if the actions do not contradict the substantive provisions of the deceased's will or the rights of heirs at law.
Where there is no will, a person is said to have died intestate - "without testimony". As a result, there can be no actual 'testimony' to follow, and hence there can be no executor. If there is no will or where the executors named in a will do not wish to act, an administrator of the deceased's estate may instead be appointed. The generic term for executors or administrators is personal representative.
executor in German: Testamentsvollstrecker
executor in Spanish: Albacea
executor in Lithuanian: Testamento vykdytojas
executor in Dutch: Executeur
executor in Polish: Wykonawca testamentu
executor in Russian: Душеприказчик

Synonyms, Antonyms and Related Words

Privacy Policy, About Us, Terms and Conditions, Contact Us
Permission is granted to copy, distribute and/or modify this document under the terms of the GNU Free Documentation License, Version 1.2
Material from Wikipedia, Wiktionary, Dict
Valid HTML 4.01 Strict, Valid CSS Level 2.1