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KembaraXtra – Legal Terms – Limited Executor
A limited executor is a person appointed under a will to administer only a specific part of a deceased person’s estate, rather than the entire estate. Their authority is confined to particular assets or responsibilities.
This arrangement is often used where specialized knowledge is required, such as managing literary works or intellectual property. The limited executor deals only with those matters assigned to them.
By restricting the executor’s role, the testator ensures that different aspects of the estate are handled appropriately. Other executors or administrators may be appointed to manage the remaining assets.
A limited executor is a person appointed under a will to administer only a specific part of a deceased person’s estate, rather than the entire estate. Their authority is confined to particular assets or responsibilities.
This arrangement is often used where specialized knowledge is required, such as managing literary works or intellectual property. The limited executor deals only with those matters assigned to them.
By restricting the executor’s role, the testator ensures that different aspects of the estate are handled appropriately. Other executors or administrators may be appointed to manage the remaining assets.
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