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Up to four executors can be named on the grant of probate but only one executor needs to act if the others would prefer to take a back seat or have no involvement at all.
The Estate Settlement Timeline: While there is no specific deadline for this in New Jersey law, it is generally best to do so within a month to prevent unnecessary delays in the probate process.
The Refunding Bond and Release has a dual purpose: Refunding ? To refund to the Executor or Administrator out of his/her share of the estate his ratable part of any unpaid debts, owed by the testator or intestate, if there are no other assets to pay them.
A deputy can only act in the place of the incapable executor if the Court of Protection order appointing them expressly gives them authority. The original order of appointment will not usually authorise this and authority must be sought from the Court.