This is a form of Promissory Note for use where commercial property is security for the loan. A separate deed of trust or mortgage is also required.
Note Estate Without Permission
Category:
State:
Pennsylvania
Control #:
PA-NOTESEC3
Format:
Word;
Rich Text
Instant download
Description
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How to fill out Pennsylvania Installments Fixed Rate Promissory Note Secured By Commercial Real Estate?
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FAQ
Simply put, an executor cannot override a beneficiary. The executor's role is to administer the estate and ensure the will's directives are carried out, not alter them.
As a beneficiary you are entitled to information regarding the trust assets and the status of the trust administration from the trustee. You are entitled to bank statements, receipts, invoices and any other information related to the trust.
If a beneficiary requests access to financial institution statements and the executor refuses to provide them, the beneficiary can take legal action. They can follow the court for an order compelling the executor to reveal the requested information.
If you have a trust and funded it with most of your assets during your lifetime, your successor Trustee will have comparatively more power than your Executor. ?Attorney-in-Fact,? ?Executor? and ?Trustee? are designations for distinct roles in the estate planning process, each with specific powers and limitations.
You should first try talking to the executor about your concerns. If that doesn?t work, you may have to take legal action. To have an executor removed from an estate you need to be able to show that they are not living up to their responsibilities of their job or that they are doing something that isn?t legal.