Estate Executor Without Will
Description
How to fill out Mississippi Petition To Close Estate And Discharge Executor?
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FAQ
This document gives the Executor the authority he or she will need to formally act on behalf of the decedent. It gives the right to handle financial and other affairs related to closing out the estate.
A Letter of Appointment of Executor helps prove you have been put in charge of someone's estate after they have passed away. As Executor, you've been given the duty to manage the estate and carry out the directions of the will; however, a court may require official documentation.
You may also appoint a statutory trustee company or a professional adviser such as a legal practitioner or an accountant as your Executive. Please be aware that should you choose to appoint a professional as executor, they will need to be paid from your estate.
An executor is someone named in a will as the person who will carry out the testator's formal wishes. Typical duties of an executor include paying outstanding taxes/debt and distributing any remaining assets among the testator's heirs.
An executor is a person who is responsible for the execution of the will, i.e. for distributing the asset of the deceased person as per his/her wishes. It is not mandatory to name an executor in the will.