What is COLLECTOR OF DECEDENT ESTATE?

A person temporarily appointed by the probate court to collect rents, assets, interest, bills receivable, etc., of a decedent’s estate, and act for the estate in all financial matters requiring immediate settlement. Such collector is. usually appointed when there is protracted litigation as to the probate of the will, or as to the person to take out administration, and his duties cease as soon as an executor or administrator is qualified

More On This Topic



Link to This Definition
Did you find this definition of COLLECTOR OF DECEDENT ESTATE helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary