Will With Executor
Description
How to fill out Mississippi Petition To Close Estate And Discharge Executor?
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FAQ
Hiring a lawyer or attorney to write your will is the traditional route most people follow, and for good reason: having a professional closely assist in your process can offer a level of reassurance you're unlikely to find elsewhere.
An executor of a will has legal authority and power over the estate of a deceased person. This includes managing assets, paying debts and taxes, and distributing property to beneficiaries ing to the instructions in the will.
A Testator is a different person but an executor of a Will can be a beneficiary. The Indian Succession Act, 1925 prohibits a person from making a will in case of intoxication or illness which directly impairs his ability to understand the consequences of the act.
The appointed executor of a will has legal authority and power over the estate of the deceased. They have the power to take control of the assets of the estate, sell property, pay debts and taxes, and distribute property to the beneficiaries.
?Although not mandatory, but to be done where possible, preference in choosing an executor should be for a trustworthy professional organisation (with good financial and/or legal background) that is able to dedicate a significant amount of time, as the distribution process of the whole estate to beneficiaries can ...