Account Estate Form With Two Executors
Description
How to fill out Contest Of Final Account And Proposed Distributions In A Probate Estate?
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FAQ
Carrying out the terms of your Will may be a short-term or a long-term job. If you like, you can name more than one Executor to act together as joint Executors. Naming too many joint Executors, however, can make the Executors' duties difficult to carry out. You can also name one or more alternate Executors.
If an executor of a Will dies before the person who made the Will, then it is down to any other named executors to take on the responsibility of administering the estate.
People usually designate one person to serve as the executor of their will, but it is also possible to designate two or more co-executors. Most lawyers advise that one executor is best, as it avoids potential disputes, but there are situations where it may make sense to appoint co-executors.
If you choose to designate more than one Executor, the process is as simple as designating a single Executor. You simply provide each person's information and indicate they are to serve as Co-executors in the Will. Doing so will make each of them an executor with full authority to manage the estate.
Because an executor is responsible for paying the debts of a decedent, managing estate assets and distributing those assets to the beneficiaries named in the will, having multiple co-executors to share some of that workload can be helpful. They can also work together to problem-solve if issues arise.