What does the term "executor" refer to?

Study for the Wills Bar Exam. Prepare with flashcards and multiple choice questions; every question has hints and explanations. Get ready for your exam success!

The term "executor" specifically refers to the person appointed to administer an estate according to the terms of the will. This role involves several critical responsibilities, including ensuring that the deceased's wishes, as outlined in the will, are carried out properly. The executor manages the estate, which includes collecting assets, paying debts, and distributing the remaining assets to the beneficiaries as designated in the will. This individual has fiduciary duties, meaning they must act in good faith and in the best interests of the estate and its beneficiaries.

In contrast, the other options describe roles that do not align with the specific duties of an executor. For example, a witness to a will's signing plays a crucial role in validating the will but does not take on the responsibilities of managing the estate. Similarly, a legal representative of the beneficiaries in court may act on behalf of beneficiaries but does not encompass the full range of duties that an executor performs. Lastly, while the management of the estate's assets is part of the executor's role, it does not fully capture the breadth of their responsibilities, which also include administrative and legal functions necessary for executing the terms of the will.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy