independent executor or executrix

independent executor or executrix definition - business

independent executor or executrix

An executor who is permitted to administer an estate free from control of the court. For example, an independent executor can avoid the red tape of seeking court approval to sell estate assets. In most states an independent executor must be designated in the will of the deceased.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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