DEFINITION of 'Executrix'

A female individual who is responsible for executing the provisions set forth in a will upon the death of the testator. An executrix is nominated by the will's testator. The term is used less frequently than "executor." In a general sense, an executrix or executor is simply someone who is responsible for executing a task.

BREAKING DOWN 'Executrix'

In terms of estates, regardless of whether the executor of a will is male or female, the responsibilities are the same. An executrix is charged with disbursement of an estate's assets, and is responsible for making sure that the deceased's wishes, as laid out in the will, are carried out. If there is no will, the deceased has died intestate and an executor or executrix may be appointed.

RELATED TERMS
  1. Executor

    An individual appointed to administrate the estate of a deceased ...
  2. Testamentary Will

    A testamentary will is a traditional will, sometimes referred ...
  3. Probate

    The legal process in which a will is reviewed to determine whether ...
  4. Form 706: United States Estate ...

    A tax form distributed by the Internal Revenue Service (IRS) ...
  5. Holographic Will

    A holographic will is a will that is handwritten and signed by ...
  6. Personal Representative

    The executor or administrator for the estate of a deceased person. ...
Related Articles
  1. Managing Wealth

    4 Things To Consider Before Becoming An Estate Executor

    Executing a will takes more work than you might think. Make sure you are up to the task before agreeing to be an executor.
  2. Managing Wealth

    The Executor's Checklist: 7 Things To Do Before They Die

    Being an executor comes with a lot of responsibility, and these tips will reduce the complications that can come with the job.
  3. Managing Wealth

    How To Choose The Right Executor For Your Estate

    Making a careful choice now can save your heirs from a lot of problems later.
  4. Retirement

    Before You Agree to Be an Executor: Know This

    How to avoid 5 surprising hazards of being the executor of an estate.
  5. Financial Advisor

    Ethical Wills Share Final Thoughts With Heirs

    This document allows a testator, the person making the will, to leave a personal legacy.
  6. Retirement

    Estate Planning Goes Digital: How to Get Started

    Digital estate planning is an important part of the estate planning process given today's tech-centric world. Here's how to create this type of plan.
  7. Managing Wealth

    What To Do When You're Left Out Of A Will

    Discover the legal steps you can take if you are left out of a will and if fighting is worth the effort.
  8. Financial Advisor

    How Life Insurance Can Help Reduce Estate Taxes

    Inheritance is a double-edged sword, as leaving money can create estate tax burdens. Opting for a life insurance plan can help mitigate those burdens.
  9. Retirement

    Avoid These 4 Common Causes of Family Estate Fights

    Sibling battles over their parents' belongings are quite common. But open family discussions before the parent dies can often prevent them.
  10. Managing Wealth

    Want Your Will to Prevail? Don't Die Intestate

    If you die without making a last will and testament, you are said to have died intestate. What happens to your assets in this case?
RELATED FAQS
  1. What should I consider when I select an executor for my will?

    The executor of a will is the person designated with the task of administering the will's instructions. The responsibilities ... Read Answer >>
Hot Definitions
  1. 403(b) Plan

    A retirement plan for certain employees of public schools, tax-exempt organizations and certain ministers. Generally, retirement ...
  2. Master Of Business Administration - MBA

    A graduate degree achieved at a university or college that provides theoretical and practical training to help graduates ...
  3. Liquidity Event

    An event that allows initial investors in a company to cash out some or all of their ownership shares and is considered an ...
  4. Job Market

    A market in which employers search for employees and employees search for jobs. The job market is not a physical place as ...
  5. Yuppie

    Yuppie is a slang term denoting the market segment of young urban professionals. A yuppie is often characterized by youth, ...
  6. SEC Form 13F

    A filing with the Securities and Exchange Commission (SEC), also known as the Information Required of Institutional Investment ...
Trading Center