What are the roles of an executor and beneficiaries in a will?
An example of an AI chatbot conversation about executor and beneficiaries in a will.
What are the roles of an executor and beneficiaries in a will?
The executor is responsible for managing the estate, while beneficiaries are those who receive assets from the estate.
Can you explain the responsibilities of an executor?
Sure! An executor must locate the will, manage assets, pay debts, and distribute the remaining assets to beneficiaries.
What happens if the executor cannot fulfill their duties?
If the executor cannot fulfill their duties, the court may appoint an alternate executor to take over.
How are beneficiaries chosen in a will?
Beneficiaries are typically chosen by the testator, the person who creates the will, based on their wishes.
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