What is the role of executors in probate?
An example of an AI chatbot conversation about the role of executors in the probate process.
What is the role of executors in probate?
Executors are responsible for managing a deceased person's estate during the probate process, ensuring debts are paid and assets are distributed.
What specific duties do executors have?
Executors must locate the will, file it with the court, notify beneficiaries, pay debts and taxes, and distribute the remaining assets.
Can an executor be a beneficiary of the estate?
Yes, an executor can also be a beneficiary, but they must act in the best interest of all beneficiaries and follow the will's instructions.
What happens if an executor fails to perform their duties?
If an executor fails to perform their duties, beneficiaries can petition the court to remove them and appoint a new executor.
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