The executor named in a will identifies assets,collects any money due,pays off debts,liquidates assets,files final income tax and estate tax returns,and with the court's permission distributes the balance of any remaining money and property to the beneficiaries.
Correct Answer:
Verified
Q120: A beneficiary designation on an asset allows
Q121: When you write your will you are
Q122: You can name a contingent beneficiary on
Q123: An irrevocable trust cannot be changed or
Q124: A will is a written document that
Q126: The legal heirs to an estate for
Q127: An unmarried domestic partner usually has no
Q128: Living trusts take effect during the grantor's
Q129: A person who inherits or is entitled
Q130: The grantor is the person designated to
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents