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Probably not if that's the only reason and if no executor is willing to removed voluntarilly. A decedent's choice of executors, no matter how many, is his and his alone just as is the manner in which his estate is divided. It will be upheld by a court unless the two cannot get along causing problems in the estate. Most states have statutes that outline the circumstances which call for the removal of an executor. These mostly have to do with the executor not doing the job properly to the detriment of the estate. The extra expense, while it may unnecessarilly reduce the estate, is not such a circumstance at least in New Jersey, but probably in most states as well. This answer is given for informational purposes only and not as legal advice.
What else can I help you with?
Will a secondary executor of an estate after a death lose control even if the will states joint executors?
Any executor must be appointed by the probate court. If joint executors are named in the Will they must petition to be appointed by the court. They can only be removed by the same court.
Is there a limit to the permitted number of executors of estates and wills in North Carolina?
An EXECUTOR is named in the case of the existence of a will. (testate) An ADMINISTRATOR is named by the court in the case of no will (intestate) The will of the deceased (if it exists) will be the guide which the court follows. There is no limit to the number of executors a testator may appoint in his/her will. See the related links below for the procedures when there are more than one executors and what happens when one of several executors dies, is removed or resigns.
Does that mean the secondary executor of the estate lost control even if the will states joint executors?
Any executor must be appointed by the probate court. If joint executors are named in the Will they must petition to be appointed by the court. They can only be removed by the same court.
Will that mean the secondary executor of the estate lost control even if the will states joint executors?
Any executor must be appointed by the probate court. If joint executors are named in the Will they must petition to be appointed by the court. They can only be removed by the same court.
What can heirs of an estate do if the executors refuse to have items appraised as stated in the will?
Return to the court that appointed the executor and petition to have the executor removed and a new one appointed.
What is the term applied to writing off the cost for minerals removed from a mine to an expense account?
depeletion?
When an executor is removed can both heirs be appointed to make all decisions?
Yes, both heirs could be appointed as co-executors. If the court feels it is in the best interests of the estate they will do so.
When is Bad debt expense removed from the balance sheet?
Bad Debt Expense does not appear on the balance sheet. It is only on the income statement. Allowance for Uncollectible Accounts does appear on the balance sheet.
When to remove bad debt expense?
The bad debt expense is generally removed at the end of the financial year, as it may classify as a deductible item when reporting tax at the end of the financial year.
When you have 2 executor's and 1 of them put you as a secondary executor what happens?
Any executor must be appointed by the probate court. If joint executors are named in the Will they must petition to be appointed by the court. They can only be removed by the same court.
How do you change the executors of your living trust?
Trusts are not managed by executors but by trustees. You need to review your trust document to determine how the trustees may be removed and replaced. In fact, for any questions about what you can do and and how you deal with your trust you must review the trust document. You are bound by the provisions set forth in the trust document. Return to the attorney who drafted the trust to make certain it's properly done. Trust law is extremely complex. Trusts should always be drafted by an attorney who specializes in trust and tax law. Errors made by non-professionals can be costly to correct and can result in the trust being judged invalid and the property being vulnerable to creditors and probate.
The process of transferring the cost of metal ores and other minerals removed from the earth to an expense account is called?
The process of transferring the cost of metal ores and other minerals removed from the earth to an expense account is called depletion. This accounting method allows companies to allocate the cost of natural resources over time as they are extracted and sold.
