executor fund

Definition of "executor fund"
  1. A financial reserve set up in the process of estate planning, utilized by an executor to settle any final costs
How to use "executor fund" in a sentence
  1. The creation of an executor fund is often suggested to manage all final costs in an orderly manner.
  2. When planning her estate, she put aside a substantial executor fund to cover potential expenses.
  3. The executor fund enabled the handling of all the final expenses without any financial issues.

Provide Feedback
Browse Our Legal Dictionary
# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z