Executor. What is an executor? Why is it important to name an executor in your w
ID: 2793321 • Letter: E
Question
Executor. What is an executor? Why is it important to name an executor in your will? An executor: (Select the best answer below.) O A. assumes the responsibility of carrying out your wishes listed in your will O B. assumes the responsibility of deciding how your assets should be distributed. C. assumes the responsibility of posting your obituary in the newspaper and notifying your beneficiaries. O D, assumes the responsibility of reading your will in probate court. Why is it important to name an executor in your will? (Select the best answer below.) O A. An executor will collect donations for charity in your memory and pay for the funeral. The executor may also be charged with selling the estate's assets and O B. An executor will collect any monies due the estate and pay off any bills the estate owes. The executor may also be charged with selling the estate's assets and O C. An executor will collect any monies due the estate and pay off any bills the estate owes. The executor is also charged with selling the estate's assets and O D. An executor will collect any monies due the estate. There is no need to pay off any bills the estate owes because they are liabilities of the deceased. The distributing all proceeds according to your wishes. distributing all proceeds according to your wishes. keeping the proceeds as payment for being the executor. executor may also be charged with sling the estate's assets and distributing all proceeds according to your wishes.Explanation / Answer
An executor assumes the responsibility of deciding how your assets whould be distributed
An executor will collect any monies due to the estate and pay off any bills the estate owes. The executor may also be charged with selling the estate's assets and distributing all proceeds according to your wishes
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