What is an executor?
An executor is a person appointed by a court to administer the estate of a deceased person in Texas Trusts and Estates Law. This person is responsible for collecting and managing the assets of the deceased person’s estate and ensuring that debts are paid and the remaining assets are distributed according to the wishes of the deceased person. The executor is also responsible for filing tax returns and other documents related to the estate. Generally, the person named as the executor in the deceased’s will is appointed by the court. However, if no executor is named or if the appointed executor is unable to fulfill his/her duties, the court may appoint a different person to act as the executor. The executor is also responsible for proving to the court that the deceased’s will is valid. Once the will is found to be valid, the executor is then responsible for carrying out the deceased’s wishes as outlined in the will.
Related FAQs
What is a trust fund?What is the difference between a will and a trust?
What is a trust distribution?
How do I choose a trustee for my trust?
What is the probate process?
What is a durable power of attorney for healthcare?
How do I terminate a trust?
What is an irrevocable life insurance trust (ILIT)?
What is a trust administration?
What is a power of attorney?
Related Blog Posts
Understanding the Basics of Trusts and Estates Law - July 31, 2023Tips for Drafting Wills under Trusts and Estates Law - August 7, 2023
Guidance for Creating a Family Trust - August 14, 2023
What is a Testamentary Trust? - August 21, 2023
How to Name an Executor of Your Estate - August 28, 2023