Executor
The person named in a will to manage the deceased's estate, pay debts, and distribute assets according to the will's instructions.
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Detailed Explanation
Executors have fiduciary duties to the estate and its beneficiaries. Responsibilities include inventorying assets, paying debts and taxes, maintaining property, filing court reports, and distributing assets. Executor compensation varies by state (typically 2-5% of estate value). An executor can be a family member, friend, attorney, or professional fiduciary.
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