This is called a fiduciary duty. You must both apply to Probate the Will together. generalized educational content about wills. The law sees each co-executor as one entity, so if one co-executor acts on duty or makes a decision, it reflects as if all did the action. Can One Executor Act Alone during Probate? - Co-op Legal Services An executor is responsible for the entire estate by themselves. Certain situations require multiple executors at all times. If any of the estate is still left to be dealt with when the child turns 18, then the executors will need to apply for a new grant with all their names on it. A court may also lower compensation based on any losses the estate suffered due to the executor's . It is crucial for the co-executors to maintain a relationship of communication and cooperation. What is Involved. Report Abuse PC Two executors equal double the commissions. The statements and opinions are the expression of the author, They have each other for consultation and support if questions or problems arise. However, it is rarely a good idea to do so. Or what if one co-executor starts feeling like they are doing way more than their share of the work while the other one thinks the opposite? However, an executor can request additional compensation based on the size of the estate, the time spent and the overall complexity of the estate. They have a joint and entire authority over the whole property which is committed to their care. Co-Executors do not share partial authority over the estate; each person you name as an Executor has complete authority over the estate. Co-executors should not be independent and the attorney should be in the loop. completeness, or changes in the law. Sometimes co-executors may work fine with each other but may have difficulty working with one or more beneficiaries. Basically, neither of you may act independently of the other. A person named in a will as executor shall not exercise the powers of executor until he qualifies as such by taking an oath and giving bond in the court or before the clerk where the will or an authenticated copy thereof is admitted to record, except that he may provide for the burial . It is advisable for executors to take legal advice before stepping aside. The content is (a) If a person named as executor is under the age of majority and there is another person named as executor, the other person may be appointed and may administer the estate until the majority of the minor, who may then be appointed as coexecutor.
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