Our Man on the Land Bill also known as Bill for short, is at it again. http://republicforarizona.org In today's presentation [which is for information and entertainment purposes only] we talking about the executor pronounced ex'-cec-ut-or like the guy who chops off the tyrants heads after the revolution. Or the upstart who challenges the will of the state when the revolution doesn't go as planned. Like I said entertainment purposes only!
There was a death that occurred on the date you were berth. You know him well, he is called STRAWMAN, you know the guy who has the same name as yours only his name is in ALL CAPS. There was a executor that was created...that's YOU. His job is to handle the affairs of the dead guy, the STRAWMAN.
Unfortunately for those who are not Secured Party Creditors have given power of attorney to the government in the form of drivers license, marriage certificate and social security card, so the government is the executor. Now you know why you're not winning in the probate courts. Hint: they are all probate courts!
The executor is the person which we know is a corporation or corpse which is dead. The executor has the following duties:
There is an honor and a burden to serve as someone's executor. An executor is entrusted (trust)with responsibility for winding up someone's earthly affairs -- a big or little task, depending on the situation. Essentially, an executor is charged, (has a blue pen ready to effect payment) with protecting a deceased person's property (the corps, the legal entity, or Strawman) until all debts and taxes have been paid, ( on the public and private side), and seeing that what's left is transferred to the people who are entitled to it, (possibly the beneficiary , Realman,).
The law does not require an executor (also called a personal representative) to be a legal or financial expert, but it does require the highest degree of honesty, impartiality, and diligence. This is called a "fiduciary duty" -- the duty to act with scrupulous good faith and honesty on behalf of someone else.
Executors have a number of duties, depending on the complexity of the deceased person's financial and family circumstances. Typically, an executor mustFind the deceased person's assets and manage them until they are distributed to inheritors.(I found the se estque trust and registered it internationally, with a BC bond and indemnified all parties with a IB bond, insurance policy, and opened up a checking account to offset all debts or bills the dead corps has aquired or will aquire in future indebtedness) This may involve deciding whether to sell real estate or securities owned by the deceased person,(as long as it is debt.)
Decide whether or not probate court proceedings are needed. Most jointly owned assets pass to the surviving owner, without probate. And if the deceased person's property is worth less than a certain amount (how much depends on state law), it may be able to go through a streamlined probate process. (To learn more about probate, see Probate FAQ.)
Figure out who inherits property. If the deceased person left a will, the executor will read it to determine who gets what. If there's no will, the person in charge (sometimes called the administrator) will have to look at state law (called "intestate succession" statutes) Intestate means "without a testament," to find out who the deceased person's heirs are.
File the will (if any) in the local probate court. Generally, this step is required by law, even if no probate proceeding will be necessary.
Handle day-to-day details. This may include terminating leases and credit cards, and notifying banks and government agencies -- such as the Social Security Administration, the post office, Medicare, and the Department of Veterans Affairs -- of the death.!!!!!!!!!!!!!!!!!!!!!!wow!!!
Set up an estate bank account. This account will hold money that is owed to the deceased person -- for example, paychecks or stock dividends.
Use estate funds to pay continuing expenses. The executor may need to pay, for example, utility bills, mortgage payments, and homeowner's insurance premiums.!!oh wow!!!
Pay debts. If there is a probate proceeding, the executor must officially notify creditors of it, following the procedure set out by state law.(notice needs to be received by the court on the private side as not to bring public attention to the executor.)
Pay taxes. A final income tax return must be filed, covering the period from the beginning of the tax year to the date of death. State and federal estate tax returns are required only for large estates.( mine is pretty large I hope 80 M will take care of it.)
Supervise the distribution of the deceased person's property. The property will go to the people or organizations named in the will or those entitled to inherit under state law.( Me the beneficiary)