An Administrator Differs from an Executor of a Will in That

question 32

Multiple Choice

An administrator differs from an executor of a will in that an administrator

• A) has fiduciary responsibility for real property.
• B) has fiduciary responsibility for personal property.
• C) has fiduciary responsibility in a testate distribution.
• D) is appointed by the court.

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Definitions:

Surviving Owner

refers to an individual who co-owned property or assets with another and retains ownership after the other’s death, often in joint tenancy agreements.

Fixed-term Tenancy

A leasing agreement for a specific period, providing stability for both tenant and landlord but limiting flexibility.

Abandons

The act of giving up a right, property, or interest without attempting to claim or sell it, often involving legal or financial implications.

Mitigate

To make less severe, serious, or painful; to minimize the impact or effect of something.