{"ok":true,"canonical_url":"https://dealroom.so/glossary/estate-executor","api_url":"https://dealroom.so/api/public/glossary/estate-executor","data_freshness":{"sba_records_through":"2026-05-31","fdic_records_through":"2026-03-31","dealroom_last_updated":"2026-06-15","timezone":"America/Chicago"},"source_summary":["Public SBA 7(a) loan records","FDIC institution data","DealRoom lender and franchise enrichment"],"term":{"slug":"estate-executor","term":"Estate Executor","group":"People and paperwork","definition":"This is the person legally appointed to manage the assets and liabilities of a deceased person's estate. They are responsible for carrying out the terms of the will or managing the estate according to law.","what_it_means":"If a business owner passes away, the executor will be your primary contact for the sale. Verify their legal authority to act on behalf of the estate; they'll need to sign the purchase agreement and other closing documents.","url":"https://dealroom.so/glossary/estate-executor","official_sources":[],"related":[{"slug":"estate","term":"Estate","url":"https://dealroom.so/glossary/estate"},{"slug":"due-diligence","term":"Due diligence","url":"https://dealroom.so/glossary/due-diligence"},{"slug":"material-information","term":"Material information","url":"https://dealroom.so/glossary/material-information"}],"related_questions":[{"question":"What is the difference in repayment terms between real estate and non-real estate loans?","url":"https://dealroom.so/sba-loans/basics/what-is-the-difference-in-repayment-terms-between-real-estate-and-non-real-estate-loans"},{"question":"If the business owns real estate, must the buyer also purchase the real estate with the business?","url":"https://dealroom.so/sba-7a/questions/if-the-business-owns-real-estate-must-the-buyer-also-purchase-the-real-estate-with-the-bus"},{"question":"If I'm buying a business with real estate, can I get a longer term if the real estate is a significant portion?","url":"https://dealroom.so/sba-7a/questions/if-i-m-buying-a-business-with-real-estate-can-i-get-a-longer-term-if-the-real-estate-is-a-"},{"question":"When is personal real estate typically required as additional collateral?","url":"https://dealroom.so/sba-7a/questions/when-is-personal-real-estate-typically-required-as-additional-collateral"},{"question":"What environmental due diligence is mandatory for real estate collateral?","url":"https://dealroom.so/sba-7a/questions/what-environmental-due-diligence-is-mandatory-for-real-estate-collateral"},{"question":"How can life insurance support business succession planning and estate equalization?","url":"https://dealroom.so/sba-7a/questions/how-can-life-insurance-support-business-succession-planning-and-estate-equalization"}]},"caveats":["Definitions represent DealRoom's plain-English interpretation for buyers; verify regulatory terms against the official SBA and eCFR sources listed.","Not legal, tax, or financial advice, and not an SBA eligibility determination."],"citation":{"label":"DealRoom.so Glossary — Estate Executor","url":"https://dealroom.so/glossary/estate-executor","source_type":"DealRoom Data"}}