executorial - Hutchinson encyclopedia article about executorial Printer Friendly
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executor
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   Also found in: Dictionary/thesaurus, Legal, Financial, Wikipedia 0.04 sec.

executor

In law, a person appointed in a will to carry out the instructions of the deceased. A person so named has the right to refuse to act. The executor also has a duty to bury the deceased, prove the will, and obtain a grant of probate (that is, establish that the will is genuine and obtain official approval of his or her actions).

The executor must also pay the liens, fees, and taxes on the estate before distributing the estate property to the heirs.


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The broker merely serves an executorial role and usually sides with management.
 
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