What Is the Difference Between an Executor and an Administrator

question 31

Essay

What is the difference between an executor and an administrator?

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Definitions:

Unincorporated

Describes a business or area that has not been formed into a legal corporation or does not fall under a municipality's jurisdiction, respectively.

Limited Liability

A legal structure that restricts the financial liability of owners or shareholders of a company to the amount they have invested in the company.

Syndicate

An investment group that comes together for the explicit purpose of financing a specific large project.

Financing

The process of providing or obtaining the necessary funds for an endeavor such as a business venture, purchase, or investment.