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Вміст надано Viktoria Altman. Весь вміст подкастів, включаючи епізоди, графіку та описи подкастів, завантажується та надається безпосередньо компанією Viktoria Altman або його партнером по платформі подкастів. Якщо ви вважаєте, що хтось використовує ваш захищений авторським правом твір без вашого дозволу, ви можете виконати процедуру, описану тут https://uk.player.fm/legal.
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What is the Difference Between an Executor and an Administrator? - Whitney L. Thompson

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Manage episode 455165548 series 3376163
Вміст надано Viktoria Altman. Весь вміст подкастів, включаючи епізоди, графіку та описи подкастів, завантажується та надається безпосередньо компанією Viktoria Altman або його партнером по платформі подкастів. Якщо ви вважаєте, що хтось використовує ваш захищений авторським правом твір без вашого дозволу, ви можете виконати процедуру, описану тут https://uk.player.fm/legal.

From The Law Office of Whitney L. Thompson - In this podcast episode, we delve into the article What is the Difference Between an Executor and an Administrator? and explore the critical roles these personal representatives play in the probate process. Whether someone dies with a valid will or intestate, the responsibility of managing their estate falls to either an executor or an administrator, as designated by the probate court. These roles share similar duties, including overseeing the decedent’s assets, settling outstanding debts and taxes, and distributing the remaining estate to beneficiaries.
We discuss the eligibility requirements for executors in Texas, emphasizing criteria such as being a U.S. resident, of sound mind, and free of felony convictions unless pardoned. The responsibilities of an executor include safeguarding the estate, identifying heirs, and adhering to the terms of a will. For those without a will, administrators are appointed to manage and distribute assets according to statutory regulations. Both roles require careful attention to legal and financial obligations, as well as the ability to navigate potential disputes.
Listeners will also gain insights into the differences between executors and administrators, particularly how a will impacts the process. We highlight the importance of compensation for personal representatives and the specific challenges they may face, such as locating heirs or defending inheritance claims. Additionally, we address considerations for out-of-state executors, including the need to designate an in-state agent to manage legal documents effectively.
Whether you are creating an estate plan, managing an estate, or curious about how probate laws in Texas apply to these roles, this episode offers practical information. Understanding the distinctions and responsibilities involved can make navigating probate smoother and less stressful. Tune in to learn more about how legal guidance may assist in fulfilling these responsibilities and ensuring that estates are handled with care.
The Law Office of Whitney L. Thompson, PLLC
4201 Farm to Market 1960 Rd W Suite 360, Houston, TX 77068, United States
(281) 214-0173
https://www.google.com/maps?cid=9428708165305469162

  continue reading

1453 епізодів

Artwork
iconПоширити
 
Manage episode 455165548 series 3376163
Вміст надано Viktoria Altman. Весь вміст подкастів, включаючи епізоди, графіку та описи подкастів, завантажується та надається безпосередньо компанією Viktoria Altman або його партнером по платформі подкастів. Якщо ви вважаєте, що хтось використовує ваш захищений авторським правом твір без вашого дозволу, ви можете виконати процедуру, описану тут https://uk.player.fm/legal.

From The Law Office of Whitney L. Thompson - In this podcast episode, we delve into the article What is the Difference Between an Executor and an Administrator? and explore the critical roles these personal representatives play in the probate process. Whether someone dies with a valid will or intestate, the responsibility of managing their estate falls to either an executor or an administrator, as designated by the probate court. These roles share similar duties, including overseeing the decedent’s assets, settling outstanding debts and taxes, and distributing the remaining estate to beneficiaries.
We discuss the eligibility requirements for executors in Texas, emphasizing criteria such as being a U.S. resident, of sound mind, and free of felony convictions unless pardoned. The responsibilities of an executor include safeguarding the estate, identifying heirs, and adhering to the terms of a will. For those without a will, administrators are appointed to manage and distribute assets according to statutory regulations. Both roles require careful attention to legal and financial obligations, as well as the ability to navigate potential disputes.
Listeners will also gain insights into the differences between executors and administrators, particularly how a will impacts the process. We highlight the importance of compensation for personal representatives and the specific challenges they may face, such as locating heirs or defending inheritance claims. Additionally, we address considerations for out-of-state executors, including the need to designate an in-state agent to manage legal documents effectively.
Whether you are creating an estate plan, managing an estate, or curious about how probate laws in Texas apply to these roles, this episode offers practical information. Understanding the distinctions and responsibilities involved can make navigating probate smoother and less stressful. Tune in to learn more about how legal guidance may assist in fulfilling these responsibilities and ensuring that estates are handled with care.
The Law Office of Whitney L. Thompson, PLLC
4201 Farm to Market 1960 Rd W Suite 360, Houston, TX 77068, United States
(281) 214-0173
https://www.google.com/maps?cid=9428708165305469162

  continue reading

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