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LSDefine
Simple English definitions for legal terms
EXOR
Read a random definition: Bank Secrecy Act
A quick definition of EXOR:
Term: EXOR
Definition: EXOR is short for EXECUTOR, which means a person or entity appointed to carry out the instructions in a will or to manage a deceased person's estate. They are responsible for making sure that the wishes of the deceased are carried out and that their assets are distributed according to their wishes.
A more thorough explanation:
Definition: EXOR is an abbreviation for EXECUTOR.
Example: John named his brother as the EXOR of his will.
Explanation: In this example, EXOR refers to the person who is responsible for carrying out the instructions in John's will after his death. The EXOR is typically named in the will and has the legal authority to distribute the deceased person's assets according to their wishes.