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 spendthrift trust?
What are the advantages of an irrevocable trust?
What is a will?
How do I transfer assets into a trust?
How do I appoint a guardian for a minor in an estate plan?
What is an irrevocable life insurance trust (ILIT)?
What is a durable power of attorney?
Can I change the terms of a trust?
What is a trust document?
What is a family trust?

Related Blog Posts

Understanding the Basics of Trusts and Estates Law - July 31, 2023
Tips 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