Can Your Spouse Be Your Executor Of The EstateYou can designate someone as the executor of your estate. The executor is responsible for carrying out your last wishes regarding your property. They are often referred to as your personal representative.
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What happens if you name your spouse as executor?
You could also face the risk of your spouse passing away before you do, or later in life, you and your spouse could get a divorce. If you had already named your spouse as executor of your estate before either of these events, you would need to update your estate plan as soon as possible to name a new executor.
What is a surviving spouse entitled to in a probate case?
A surviving spouse is entitled to the entire estate if the decedent is also survived by children who are all children of the decedent and the surviving spouse If parents survive but no descendants, a surviving spouse takes the first $200,000 of the estate plus three-fourths of anything exceeding that amount
How to choose the right executor for your estate?
You could choose from a variety of individuals when it comes to picking the right executor for your estate. Of course, as a married person, your spouse may come to mind as your first candidate. However, you need to ensure that he or she feels up to the task.
What is an executor of an estate called?
Judges turn to state law when they must choose someone to wrap up an estate. An important part of making a will is naming someone to serve as your executor, also called a personal representative in some states. The executor is the person who will be in charge of your property after your death.