Executor Beneficiary Things Without Permission
Description
How to fill out Release And Exoneration Of Executor On Distribution To Beneficiary Of Will And Waiver Of Citation Of Final Settlement?
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FAQ
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.
The Will will also name beneficiaries who are to receive assets. An executor can override the wishes of these beneficiaries due to their legal duty. However, the beneficiary of a Will is very different than an individual named in a beneficiary designation of an asset held by a financial company.
An executor of an estate helps file paperwork, close accounts, distribute assets of the deceased, deal with probate and any court filings and navigate family dynamics. Some of the tasks include: Locating critical documents, like the will, any trusts, deeds, vehicle titles, etc. Obtaining death certificates.
The executor has authority from the county probate court to act in this role, but that doesn't necessarily mean that the executor has the final say on all decisions regarding the estate. In fact, they're are instead tasked with simply following the guidelines set forth by the will and other estate planning documents.
As mentioned earlier, there are certain asset types that are passed by beneficiary designation, overriding the Will. Therefore, an executor cannot override a beneficiary designation, unless specifically ordered to do so by the court.