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Executor

Definition

The person named in a will to manage the distribution of a deceased person’s assets according to their wishes.

What to consider

  • Choose someone responsible to execute your final wishes.
  • Discuss the role with them to ensure they understand the duties.
  • Keep your estate documents updated and accessible.

Real world scenarios

  • After her grandfather passed away, Chloe was named the executor of his estate, tasked with managing his assets and distributing them as outlined in his will.

Related terms

Bankruptcy
Disability Insurance
Power of Attorney (POA)
Living Will
Will

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