What powers do executors of wills have?

Executors of wills have the power to administer a deceased person’s estate. This includes the right to access the deceased person’s assets, pay the deceased person’s debts, and distribute the remaining assets according to the wishes laid out in the will. Executors are responsible for managing the estate in a manner that avoids problems or delays. This includes filing necessary paperwork and attending to court proceedings if needed. Executors also have the power to make decisions regarding any disputes between heirs. In California, the executor must follow the terms set out in the will and cannot award different distributions than what the will states. Executors have the power to manage any real estate held in the decedent’s name, such as selling the property or managing it until it is transferred to a beneficiary. Executors must also be knowledgeable about state and federal tax laws. This includes filing a federal estate tax return if the estate meets the necessary threshold, and filing any other required paperwork with the state government. Executors in California must comply with all applicable laws, including the California Probate Code. The executor is also responsible for informing all beneficiaries of the estate of the will and their rights under it. Finally, the executor must ensure that all of the deceased person’s obligations are satisfied before any assets can be distributed according to the will. This includes paying any owed taxes or debts, notifying creditors, and making sure all estate costs are accounted for.

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