VII. Law
7.5 Potentiality of Law
Article 270 - Executor
The word Executor comes from the Latin exsecutor meaning “one who speaks for himself, is his (their) own commander and manager". The Latin word itself is derived from three primary Latin words ex meaning "by reason of, through or in accordance with", se meaning "himself, herself or themselves" and cutis meaning "skin (flesh)".
By definition, an Executor is appointed by the creator of a Trust. There are only four (4) valid methods by which an Executor is appointed being By the Grantor, By the Testator, By the Deed or By the Tenor:
(i) By the Grantor is when an Executor is appointed by the Grantor of a Trust; or
(ii) By the Testator is when an Executor is appointed by direct naming by the Testator of a Will to manage and administer the decedents' estates in executing the will of a Testamentary Trust; or
(iiii) By the Deed is when an Executor is appointed in accordance with the terms of a Deed of Trust such as granting the power of appointment to one or more beneficiaries of a society possessing a valid system of law and elections; or
(iv) By the Tenor and traditionally called "to the tenor" is when an Executor is appointed in absence of clear instruction by Deed, Grantor or Testator based on one (1) or more presumptions which, if found to be false, immediately dissolve any presumed powers.
There are six (6) main types of Executors based on the legitimacy of their Authority and the manner of their appointment:
(i) Executor Generalis, also known as "General Executor" is the highest form of Executor having complete Authority and Dominion over the Trust and its Assets. There can only be one (1) General Executor for a Trust; and
(ii) Executor Ab Episcopo Constitutus, also known as an "Executor Dative" is an Executor appointed by ecclesiastical authority to administer the estate of a deceased who did not leave a will (died intestate); or
(iii) Executor Testamentarius, also known as a "Testamentary Executor" is an executor appointed by a Testator; or
(iv) Executor Nominatum, also simply known as a "Executor" is an executor appointed by a Grantor, Testator or through terms of the Deed; or
(v) Executor Lucratus, also known as an "Executor" is an Executor that possesses the assets of the Testator by law, based on one (1) or more presumptions on account of some un-discharged debts that do not permit the assets to be released to a named Executor / Beneficiary; or
(vi) Executor De Son Tort, also known as an "Illegitimate Executor" is a person who acts like an executor even though s/he has no authority to do so.
The word Executor is equivalent to the words, ranks and positions of Monarch, Emperor, Leader or Head of State. However, the word is not equivalent to hereditary or life appointment. Hereditary dictatorship is an abomination of all civilized law and expressly forbidden in all its forms.