MLchartDataset catalogue

Executor

Term · Law · MLC-T-LAW-001972

An individual or institution appointed in a will to carry out the instructions of the deceased person, particularly regarding the administration and distribution of their estate. The executor is responsible for collecting assets, paying debts and taxes, and distributing the remaining property to beneficiaries. They have a fiduciary duty to act in the best interests of the estate.

Table 1. Record
IdentifierMLC-T-LAW-001972
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-001972",
  "term": "Executor",
  "field": "Law",
  "definition": "An individual or institution appointed in a will to carry out the instructions of the deceased person, particularly regarding the administration and distribution of their estate. The executor is responsible for collecting assets, paying debts and taxes, and distributing the remaining property to beneficiaries. They have a fiduciary duty to act in the best interests of the estate.",
  "url": "https://mlchart.com/terminology/law/executor/"
}

Record 1,869 of 5,445 in Law terminology (MLC-0107). Request the full dataset.