South Florida Arbitration & Litigation Lawyer Blog
Executor – Executrix – South Florida Elder Abuse and Advocate Litigation Attorney:
An Executor or Executrix is the administrator of an estate that is being probated. The administrator gathers the estate assets, files the estate tax return and final personal income tax return; and distributes the balance, of the estate, in accordance with the terms of the will or, if there is no will, in accordance with the law of the state where the estate is being administrated. The executor’s responsibility is relatively short term. An executor / executrix may be a bank trust officer, a lawyer, a family member or a trusted friend.
In marshalling the assets of an estate, the executor / executrix will review bank statements, brokerage statements, annuities and other investments to file inventories and various tax returns. Frequently, these reviews will uncover abuse to which the decedent has been exposed. In such circumstances, it is important to consult with a qualified professional to determine whether or not there is any legal recourse to recover losses associated with the activity.
Please keep in mind that this information is being provided for educational purposes only. It is not designed to be complete in all material respects. Thus, it should not be relied upon as legal or investment advice. If the reader has any questions concerning the contents of this post, you should consult a qualified professional.
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At the Fort Lauderdale Law Office of Russell L. Forkey, we represent clients throughout South and Central Florida, including Fort Lauderdale, West Palm Beach, Boca Raton, Sunrise, Plantation, Coral Springs, Deerfield Beach, Pompano Beach, Delray, Boynton Beach, Hollywood, Lake Worth, Royal Palm Beach, Manalapan, Jupiter, Gulf Stream, Wellington, Fort Pierce, Stuart, Palm City, Jupiter, Miami, Orlando, Maitland, Winter Park, Altamonte Springs, Lake Mary, Heathrow, Melbourne, Palm Bay, Cocoa Beach, Vero Beach, Daytona Beach, Deland, New Smyrna Beach, Ormand Beach, Broward County, Palm Beach County, Dade County, Orange County, Seminole County, Martin County, Brevard County, Indian River County, Volusia County and Monroe County, Florida. The law office of Russell L. Forkey also represents South American, Canadian and other foreign residents that do business with U.S. financial institutions, investment advisors, brokerage, precious metal firms and other business entities.