Examples of executor in a Sentence
He named his daughter as his executor.
Recent Examples of executor from the Web
In December, questions were raised about Inmon’s actions as executor in the estate of Elizabeth Doss, a Schertz woman who died at 91 in 2016.
In his will, Benson notes that if for some reason his 2015 trust did not exist at his death, Lauscha should be appointed as the executor of his succession.
If your loved one doesn’t appoint an executor, the state will.
Following Waters’ 1983 death, Cameron acted as executor of the estate, and Waters’ will named Cameron to administer ongoing royalties and distribute the money twice a year to the heirs.
Wippel inherited $40,000 last year after the death of his stepmother, said Gorg, who was the executor of the estate.
Had something happened to Lauscha or Gayle Benson, the will states that Loomis and Bensel would have become the co-executors.
John Poetzsch of Raleigh, the dead man's brother-in-law and the executor of Mims' estate, testified that the family sued to get access to records that would better explain what happened on the night of the shooting and why.
Cohen is Trump's virtual vault – the keeper of his secrets, from his business deals to his personal affairs – and the executor of his wishes.
These example sentences are selected automatically from various online news sources to reflect current usage of the word 'executor.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
Financial Definition of EXECUTOR
How It Works
A will is a legal document that indicates how a person wants his or her estate (money and property) to be distributed after death. A will also may describe any wishes for funeral and burial arrangements and may designate guardians for minor children.
When the testator (the person who created the will) dies, the executor, who is named in the will, administers the distribution of the estate to the beneficiaries (a beneficiary is any person or organization that receives the assets after the testator's death). The executor's job also includes paying any bills and taxes owed by the estate as well as locating and protecting the assets until they are distributed. An executor often receives payment for his or her services, and the payment varies from state to state.
A testator can change a will at any time for any reason and should keep the original copy of the will in a safe place. A copy should be given to the executor.
Why It Matters
A will is central to a person's estate planning. In most cases, people create wills to protect the assets they have worked hard for and to ensure they are passed to appropriate individuals or organizations. The exector's job is to honor those wishes.
However, court procedures called probate are often required to pass assets from a testator to beneficiaries because the testator is no longer around to sign deeds and other documents necessary to transfer the assets. In probate, a judge must validate the will and then issue a court order to distribute the assets. The probate process can last from six months to two years or more and can cost from 4% to more than 9% of the gross value of the estate, depending on the laws of the testator's home state. Everything in a will becomes public record after it is probated.
Estate planning is a complex subject, and it is of particular importance to consult an estate-planning specialist when considering how to distribute assets after death.
EXECUTOR Defined for English Language Learners
Definition of executor for English Language Learners
: someone who is named in a will as the person who will make sure that the instructions in the will are properly followed
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