What is an executor of an estate typically referred to as?

Prepare for the Mississippi Auctioneers License Exam with flashcards and multiple-choice questions. Each question offers hints and explanations. Ace your exam!

An executor of an estate is typically referred to as an "assign." This term originates from the legal context where an assign is a person who has been designated to manage the estate of a deceased person, ensuring that the wishes outlined in the will are followed and that the estate is administered according to law. The executor has a fiduciary duty to act in the best interests of the beneficiaries of the estate, which involves various responsibilities such as paying debts, distributing assets, and handling any legal matters that arise during the probate process.

The other terms presented, like "man," "woman," and "he or she," are more gender-specific descriptors and do not accurately denote the role. The use of "assign" is more fitting as it encompasses all individuals who may serve in that capacity, regardless of gender.

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