What is the purpose of an executor's deed?

The purpose of an executor's deed is to aid in the sale of property held by an estate. When a person named as an executor in a will takes charge of the deceased's estate, they are responsible for managing the estate's assets, which may include selling real property to settle debts, facilitate distributions to heirs, or liquidate assets for other reasons related to estate management.

The executor's deed serves as a legal instrument to officially transfer title of real property from the estate to the buyer, providing a clear and recorded chain of ownership. This deed helps ensure that the sale is conducted in accordance with the laws governing the estate and that the new owner receives clear title without any claims or encumbrances from the deceased's estate.

In contrast, options that involve transferring ownership between living parties, documenting loans, or creating lease agreements do not apply to the specific function of an executor's deed, as it is solely focused on the execution of property transfers within the context of managing an estate.