Difference between revisions of "Glossary for Being an Executor"
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;Executor: The person named in a will to carry out the instructions in the will and settle the will-maker’s affairs after they die. | ;Executor: The person named in a will to carry out the instructions in the will and settle the will-maker’s affairs after they die. | ||
;Grant of probate: The court's certification in a probate application that the will submitted by the executor is legally valid and is the last will made by the deceased. | |||
;Intermeddled: To interfere in the affairs of others. In the context of an estate, to deal with the assets or liabilities of the deceased. | ;Intermeddled: To interfere in the affairs of others. In the context of an estate, to deal with the assets or liabilities of the deceased. | ||
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;Probate: A legal procedure that confirms a will is legally valid and can be acted on. It allows financial institutions and others to rely on the will as being the last will made by the deceased. | ;Probate: A legal procedure that confirms a will is legally valid and can be acted on. It allows financial institutions and others to rely on the will as being the last will made by the deceased. | ||
;Probate fees: In addition to any fees payable to commence a probate proceeding, a fee based on the value of the estate must be paid to the court before the probate | ;Probate fees: In addition to any fees payable to commence a probate proceeding, a fee based on the value of the estate must be paid to the court before the grant of probate will be issued. | ||
;Renounce: To decline an appointment as executor. | ;Renounce: To decline an appointment as executor. | ||