Executor

Wills: Legal Documents for Property Distribution After Death
A comprehensive guide to understanding wills, their historical context, types, key events, and detailed explanations including the importance, applicability, and related terms.
Executor (Executrix): Key Role in Estate Administration
An executor (executrix) is a person designated to carry out the wishes expressed in a will regarding the administration of the estate and the distribution of its assets.
Fiduciary: Definition, Responsibilities, and Types
A detailed exploration of fiduciaries, their responsibilities, various types, examples, and their importance in legal and financial contexts.
Gross Estate: Total Value of a Person's Assets Before Liabilities
Comprehensive look at the gross estate, encompassing its definition, components, calculation methods, and relevance in estate planning and taxation.
Legal Representative: An Overseer of Legal Affairs
A comprehensive guide to understanding the role and function of a legal representative, an entity responsible for managing the legal affairs of another person or taxpayer, such as an executor or administrator of an estate.
Settlement: Various Definitions and Applications
A comprehensive exploration of the term 'settlement' in the contexts of estate distribution, legal negotiations, and real estate transactions.
Will: Legal Document for Posthumous Estate Distribution
A Will is a legal document that provides specific instructions on the disposition of an individual's estate and designates an executor to manage the process. Without a will, state laws will determine the distribution of property.

Finance Dictionary Pro

Our mission is to empower you with the tools and knowledge you need to make informed decisions, understand intricate financial concepts, and stay ahead in an ever-evolving market.