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Is it possible for there to be two executors of a will?
Yes, it is possible for there to be two executors of a will. They can work together to carry out the wishes outlined in the will and manage the estate.
What happens in the UK when two executors do not agree?
When co-executors cannot agree then they each need to have their own attorney (or solicitor) and then allow the attorneys to complete the proceedings. Generally, an attorney will not allow the client to impede the process unnecessarily. Generally, the attorneys will be paid by the estate so it benefits the estate for the co-executors to act reasonably and responsibly to preserve the assets that will eventually pass to the beneficiaries.
How long After house is sold does it take for beneficiary to get money from sale of home?
if you have our executors you will never get your money
Parents estate was posted and settled 3yrs ago. Creditor now wants money.?
Depending on the jurisdiction, the executors might be liable. I would urge legal advice.
Are joint executors liable for any debts unpaid from the estate?
The executors are responsible for the payment of the debts according to the payment scheme required by state law, however, if they do their jobs properly only the estate is responsible for the debts of the deceased. You need to be careful when there are debts and not enough money to pay them all. Certain creditors have the legal right to be paid first and the debts must be paid before any property is distributed to the heirs. You should seek the advice of an attorney who specializes in probate.If there are no assets in the estate to pay debts the creditors are out of luck.
Can you have both your children as executors?
Yes you certainly can and they can also be your trustees too!! Some people also have more than 2 executors!!
If 2 executors can 1 carry out tasks without permission from the other?
Generally, if two executors are named in the will and then appointed by the court as co-executors they must act together unless the will provides that either can act alone.
What does the term coindependent executors mean?
co-independent executors
Do the executors of a will have to jointly give permission for the other executors to see the will?
All executors have the right to see the will, they cannot execute it if they do not have access to it.
When a proprty is sold do both executors get the money?
Executors do not get the money, it goes to the estate. The executors distribute the estate per the will or laws of intestacy.
What happens if one executor wants to put her children as executors and the othe executor disagrees?
Executors don't appoint executors. The court appoints them.
How do you take your and your husbands name off a will as executors?
My husband and I are executors of a will and want to cancel this.
What if there is 2 executors Do they split the fee or do they each get 5 percent of the money?
Depends on the agreement.
If there are 2 executors can 1 carry out tasks without permission from the other?
Technically yes they can but if both executors are named on the Grant of Probate then both signatures would be needed to cash in any assets.
What happen to a will if both executors 2 ea and beneficiary 2 ea dies before the person who made the will pass on?
I get it.
Is it possible for there to be two executors of a will?
Yes, it is possible for there to be two executors of a will. They can work together to carry out the wishes outlined in the will and manage the estate.
What executors are allowed to probate a will in the state of Texas?
The executors that are appointed by the court. The court will issue a letter of authority to the appropriate executor(s).
