How Much Power Does the Executor of a Trust Have?
An executor of a trust is a person who is in charge of administering the trust. The duties of an executor include settling the estate and distributing the assets to the beneficiaries.
Estate Lawyer
There are several reasons that an executor may be removed from his or her duties. One reason is if he or she did not act in the best interests of the estate. If you are considering serving as an executor, talk to an experienced Estate Lawyer before making any decisions.
Will
A testamentary will, also called a will, shows the executor that he or she has the authority to act on behalf of the estate. However, an unsigned will does not hold up in court because it is not signed. Typically, an executor of a trust is the same individual who will administer the estate.
Fiduciary
It is important to remember that an executor is a fiduciary. Fiduciaries are people who are held to a high standard and act in the best interest of the estate. This means that they have a duty to safeguard the assets of the deceased, manage the estate, and pay debts.
Estate
Although an executor is in charge of managing an estate, he or she cannot take action while the estate is in probate. Before the assets can be distributed, an executor must pay all estate debts and notify creditors of the probate.
The successor of the Executor
When an executor passes away, the successor is appointed by the probate court. He or she must act in accordance with state law and the will.
Free consultation from one of the best Law Firms
If you have questions, you can get a free consultation with the Best Estate Planning Lawyers.
Parklin Law – Estate Planning Lawyer
5772 W 8030 S, # N206
West Jordan UT 84081
(801) 618-0699
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Disclaimer: This is not legal advice and is simply an answer to a question and that if legal advice is sought to contact a licensed attorney in the appropriate jurisdiction.
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Cedar City, Utah
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Cedar City, Utah
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Main Street in September 2005
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| Nickname:
Festival City USA[1]
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Location in Iron County and the state of Utah
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| Coordinates: 37°40′39″N 113°03′43″WCoordinates: 37°40′39″N 113°03′43″W[2] | |
| Country | United States |
| State | Utah |
| County | Iron |
| Founded | November 11, 1851 |
| Incorporated | February 18, 1868 |
| Named for | Juniper (“cedar”) trees |
| Government
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| • Mayor | Garth Green (R[3]) |
| Area | |
| • Total | 35.94 sq mi (93.10 km2) |
| • Land | 35.86 sq mi (92.89 km2) |
| • Water | 0.08 sq mi (0.21 km2) |
| Elevation | 5,846 ft (1,782 m) |
| Population
(2020)
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| • Total | 35,235 |
| • Estimate
(2019)[5]
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34,764 |
| • Density | 969.33/sq mi (374.25/km2) |
| Time zone | UTC−7 (Mountain (MST)) |
| • Summer (DST) | UTC−6 (MDT) |
| ZIP codes |
84720-84721
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| Area code | 435 |
| FIPS code | 49-11320[6] |
| GNIS feature ID | 1426441[2] |
| Website | www |
Cedar City is the largest city in Iron County, Utah, United States. It is located 250 miles (400 km) south of Salt Lake City, and 170 miles (270 km) north of Las Vegas on Interstate 15. It is the home of Southern Utah University, the Utah Shakespeare Festival, the Utah Summer Games, the Simon Fest Theatre Co., and other events. As of the 2010 census the city had a population of 28,857,[7] up from 20,257 in 2000. As of 2019, the estimated population was 34,764.[8]
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