executorship
Will executor's role
Executorship is the position or role of executor—the person legally responsible for carrying out the terms of a will after someone dies.
The term covers both the office itself and the period during which one serves: She assumed executorship of her father's estate.
An executorship involves managing assets, paying debts, and distributing property to beneficiaries.
Will validation proceedings
- willFaculty of deliberate choice
- testamentWritten proof or legacy
- estateProperty and grounds
- decedentLegal term for deceased
beneficiary · heir · fiduciary · letters testamentary · probate court · codicil · intestate · legatee
Property and grounds
- inheritanceProperty received from ancestors
- bequestGift left by will
- legacyWhat's passed down
- real estateLand and its structures
securities · stocks · bonds · bank accounts · personal property · life insurance · retirement accounts · valuables
Organizational oversight and control
- distributionAllocation across recipients
- asset managementStrategic oversight of holdings
- inventoryCatalog of held assets
- accountingMaintaining financial records
notification · tax filing · record-keeping · disbursements · marshaling · liquidation · appraisal · debt settlement
Obligation to act loyally
- accountabilityObligation for one's actions
- diligenceCareful, persistent effort
- prudenceCareful, wise judgment
- impartialityFreedom from prejudice
loyalty · care · good faith · stewardship · integrity · trustworthiness · conscientiousness · scrupulousness
probate
Will validation proceedings
decedent · beneficiary · heir · fiduciary · letters testamentary · probate court · codicil · intestate · legatee · surrogate
estate
Property and grounds
- inheritanceProperty received from ancestors
- bequestGift left by will
- legacyWhat's passed down
real estate · securities · stocks · bonds · bank accounts · personal property · life insurance · retirement accounts · valuables · debts
administration
Organizational oversight and control
- distributionAllocation across recipients
- asset managementStrategic oversight of holdings
- inventoryCatalog of held assets
accounting · notification · tax filing · record-keeping · disbursements · marshaling · liquidation · appraisal · debt settlement · final accounting
fiduciary duty
Obligation to act loyally
- accountabilityObligation for one's actions
- diligenceCareful, persistent effort
- prudenceCareful, wise judgment
impartiality · loyalty · care · good faith · stewardship · integrity · trustworthiness · conscientiousness · scrupulousness · judiciousness
- probateprobate court, probate, beneficiary, estates, heirs
executive, execution, execute, executor, executioner, executable, executors, executioners