Rules In An Estate If The Executor Died
Who is in charge of the will/estate if the testator & executor are both dead? Wills and estates are complicated, and the people who make them and act as executors must be aware of any possible complications. Some families have a designated backup executor if something happens to the first one. But what happens if both the testator (the person making the will) and the executor die? In this situation, the estate goes through probate. The court system must appoint an administrator of an estate to take over for the deceased executor, just like they would appoint someone to take over if an executor were to die before a will is executed. The administrator's job is to make sure that all affairs related to the will are settled according to the wishes of the deceased, including paying taxes and debts and dividing property between beneficiaries. It's also their job to distribute assets following instructions in a will. Preparing A Will When a will is written by someone who passed awa...