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United Kingdom
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Executor (fem. Executrix) meaning

What does Executor (fem. Executrix) mean?
A person named in a will to administer the deceased’s estate: identifying, collecting and realising assets, settling debts and taxes, and distributing the balance to beneficiaries. In England and Wales and Northern Ireland, an executor derives authority from the will and typically proves title by obtaining a grant of probate; executors are “personal representatives” under the Administration of Estates Act 1925 (E&W) and the Administration of Estates (Northern Ireland) Order 1979. In Ireland, the role is equivalent and probate issues from the High Court Probate Office under the Succession Act 1965. In Scotland, the equivalent is the executor nominate, appointed by the will and confirmed by the court (confirmation) under the Succession (Scotland) Act 1964. Key features: fiduciary duties; power to sue and be sued; multiple executors may act jointly; an executor may renounce or have power reserved; if none acts, administration passes to an administrator (letters of administration/administration with will annexed; in Scotland, executor dative). The feminine form “executrix” is archaic; “executor” is now gender-neutral. The term is widely used in probate and succession practice and recognised in legislation, case law and procedural rules.
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View the related Practice Notes about Executor (fem. Executrix)

PRACTICE NOTES
Private Client Glossary (England and Wales): Wills, Probate, Trusts, Capacity and UK Taxation

Private Client England & Wales glossary A Abatement When, after settling the deceased’s funeral costs, debts and liabilities, the remaining estate cannot satisfy all legacies in full, the gifts are reduced accordingly, unless the Will shows a different intention. In a solvent estate, the order for reduction appears in Part II of Schedule 1 to the Administration of Estates Act 1925. Refer to Practice Note: Payment of legacies. Accruals basis Where income is taxed on an accruals basis, it is attributed to a given tax year by reference to the number of days within that year during which the activity giving rise to the liability accrued. See Practice Note: What is the basis of income tax?. Accumulation and maintenance (A&M) trust A form of non‑interest in possession trust designed to benefit children and young people up to 25, which received favourable inheritance tax treatment between 1975 and 2006. See Practice Note: Accumulation and maintenance trusts—IHT [Archived]. Accredited Legal Representative (ALR) ...

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