A payroll is a company's list of its employees, but the term is commonly used to refer to: 1  the total amount of money that a company pays to its employees. 2  a company's records of its employees' salaries and wages, bonuses, and withheld taxes.  the company's department that calculates and pays these.
Report Abuse. yes a beneficiary can act as an executor, usually one is appointed by probate attorney, by family of deceased, or it may be stated in the deceased persons will. Remember, the executor must remain neutral and decisions made on behalf of the estate.es you can. This is actually recommended. The only time that an executor who is not a beneficiary should be named is if a beneficiary is under the age of 18 because someone under this age cannot inherit his/her share until they reach 18.
Disadvantages. Since the job of an executor is to pay your debts and taxes, then distribute the balance of your estate to the beneficiaries, it creates a conflict of interest for a beneficiary to disburse funds from the estate that would otherwise go to him if those debts were declined for payment.dvantages. Executors are commonly compensated for their services. Someone who stands to inherit under the terms of your will may be more inclined to waive payment for acting as executor. Since the estate pays the fee, it is probably going to be deducted from his bequest to some extent anyway.