Question

As executor of an estate, a bank must take control of:

a. Only such property as contained in schedule A attached to the will.
b. All real and personal property owned by the testator at death.
c. All personal property owned by the decedent at the time of their death.
d. All real and personal property owned by the deceased except the personal residence occupied by the surviving spouse.

Answer 1

As executor of an estate, a bank must take control of all real and personal property owned by the testator at death. Option B is the answer.

Step-by-step explanation:

When a bank serves as the executor of an estate, its responsibility is to administer the deceased's assets according to the terms of the will and applicable laws. Option B accurately reflects the broad scope of this responsibility. The executor, whether an individual or a bank, is typically tasked with identifying, managing, and distributing all the real and personal property owned by the deceased at the time of their death. This includes financial assets, real estate, personal belongings, and other items of value. While certain conditions or exemptions may apply, the general principle is to manage the entire estate for the benefit of the beneficiaries.

Option B is the answer.