Estate Distribution Account With Two Executors
Description
How to fill out Petition For Partial And Early Distribution Of Estate?
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FAQ
People have the option of appointing more than one executor or personal representative. This can have benefits but, as with most things, there can be a downside as well.
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.
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.
Where more than one executor will be acting, then they need to work together throughout the estate administration process. This can slow matters down slightly as they will need to make decisions together, each sign forms and give consent where necessary, for example, to complete a property sale.
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.