In the State of Tennessee what does a executor do?
Full Question:
In the State of Tennessee does a executor of a will have to show detail of execution of will and financials to the heirs.
05/25/2007 |
Category: Wills and Estates |
State: Florida |
#5939
Answer:
Depends on the provisions of the Will, as well as what the Court will allow. If the Will waives accounting, then you may be relieved of the obligation to account to the Court and thus the heirs, but some Courts may require an accouning anyway. Regardless, as executor you represent the estate who are the heirs so the execution and financials may be something that would need to be disclosed. If the Court gets involved, the heirs will probably be able to obtain enough information for them to be informed.