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Contracts by the executor of a will to pay a debt of the estate with his own money.
Such would happen, for example, when the executor of a will has obtained probate, but then dies intestate.
Estate Responsibilities Q. What are the responsibilities of an executor of a will?
This was archaic, did not work against the executors of a will and involved precise pleading; a minor flaw in the documents put to the court could see the case thrown out.
Her death is causing a crisis because she has named neither of her natural sons as executor of a will that assigns the artist's "Barbarian" series (including "The Hanging Man") to the state.
They perform a similar role to the executor of a will but, where there are no instructions in a will, the administrators must distribute the estate of the deceased according to the rules laid down by statute and the common law.
Under Connecticut law, no one can be compelled to serve as executor of a will, and there is no indication that Mrs. Kissel would relish serving, given that the estate may end up with no assets once creditors are satisfied.
They may be used by UK financial institutions to enable an asset of relatively small value (usually less than £15,000) to be transferred to the executors of a will or other persons legally entitled to deal with or benefit from the estate of a person who has died.