A will's executor has a
wide variety of powers, including the capacity to file lawsuits, dispose of the
relevant property, handle any maintenance requirements, etc.
An executor of will
duties may use this ability to recover debts owed to the deceased in
addition to having the same authority to sue or file a lawsuit for any claims
that persist after a person's death. The Executor's powers include all demands
as well as all rights that exist to pursue or defend any action, or in the case
of special proceedings existing in favour of or against a person at the time of
his death, survive to and against his executors or administrators. An executor
or administrator is permitted, to dispose of the decedent's property in any
manner they deem appropriate.
An executor or
administrator may spend money in addition to any other legal spending authority
that may be lawfully granted to him on tasks necessary for the appropriate
administration or upkeep of any property that belongs to an estate that he is
administering. If reasonable and suitable care for such property is taken into
consideration, he may do so on such religious, charitable, and other objects,
as well as on such improvements, with the Court's approval.
Responsibilities of an
executor
A
will's executor is accountable for the following:
An administrator or
executor must be appointed within six months of receiving the Letters of
Administration. An inventory that offers a complete and accurate estimate of
all the property in possession as well as all the credits within the term the
Court grants may also be appointed by the probate and presented in that Court.
In addition, the executor administrator has the right to collect any
obligations that someone owes.
Within one year of the grantor and within any additional timeframe that the relevant Court may designate, the Executor must similarly produce an account of the estate, detailing the assets that have come into his control and how they have been used or disposed of.