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Executor of an estate
My wife is executor of an estate left to her by her father. My (wife) is looking a piece of property to buy she was told by the trustee that it had to be looked at and approved by him before the funds would be released. As executor doesn't she have the control to sign a purchase agreement which binds a contract then request the funds?
I feel the trustee has too much control of the funds its like begging for crumbs. |
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Why is there a trustee? If the funds are in a trust, the trustee trumps executor. The executor is generally just an admninistrator, charged with the responsibility for issuing funds from the estate. But a trustee is charged with managing those funds.
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Originally Posted by pfoss66
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