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Georgia Executors Form
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People also ask
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How long can you keep an estate open after death in Georgia?
However, if the deceased person has a will, you must present the original document to the appropriate Probate Court. In Georgia, there is no specific timeframe for how long is a will valid after death.
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Can executor sell property without all beneficiaries approving in Georgia?
An executor can sell estate property without all the beneficiaries approving. However, there are some important caveats to consider. Their power is not unrestricted.
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How powerful is the executor of a will?
They have the power to take control of the assets of the estate, sell property, pay debts and taxes, and distribute property to the beneficiaries. Executors are typically required to obtain "Letters Testamentary" from a court to demonstrate their legal authority to act on behalf of the estate.
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Can an executor override a beneficiary in Georgia?
No, an executor cannot override or modify the terms of a will, with few exceptions. In fact, as fiduciaries to the estate beneficiaries, executors are legally required to abide by the will throughout the probate process, including the distribution of assets to the named beneficiaries of the will.
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How long does the executor have to pay the beneficiaries in Georgia?
There is no specific deadline for the executor to pay the bequests. In Georgia, several factors influence how long does the executor have to pay the beneficiaries: the complexity of the estate. the duration of each phase of settling the estate.
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How does an executor close an estate in Georgia?
Once debt and bills are paid and the remaining assets are distributed, the executor will submit receipts and records of everything to the court. At that time, the executor will ask the court to close the estate and release the individual from the role of executor.
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How long does an executor have to settle an estate in Georgia?
Georgia law imposes no time limit on settling an estate, and an estate can be administered for as little as six months to many years, depending on its size, creditors and other issues.
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Who can be an executor in Georgia?
In Georgia, the basic requirements are that the person is 18 years or older, and of a “sound mind.” (Ga. Code Ann. §§ 53-1-2, 53-6-1). Many states also require the named executor be an adult who has not been convicted of a felony.
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