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What else can I help you with?
Can one of the co executor's distribute property without the other co executor?
Generally, no. First of all, when questions arise involving a will, you first see if the will makes a specific provision for the problem. A will may state that each executor may act independently of the other but this can cause problems. If the will is silent regarding independent action then look to the law of the jurisdiction in which the will was probated. Most state's law provide that unless the will says otherwise, the executors must act together. When there are two co-executors and they disagree about distribution, the matter could wind up in court where it will determine who is right and who is wrong.
Can a joint homeowner evict the other owner?
No he can not do it.
Disadvantages of joint ventures?
A joint venture is a business that is made up of two or more people or other businesses. The biggest disadvantage of a joint venture is that if one partner has a debt, then the other partner may be responsible for those debts. Other disadvantages include conflicts, disputes, and the limited life of the company.
What is an example of a joint venture?
BHPBilliton is a joint venture with a British Company and an Australian company formed to combine the resources exploration competencies of both companies. Joint ventures are usually formed when two or more companies want to dig stuff out of the ground but cannot afford to do that on their own. Other examples of joint ventures do happen in other industries.
What is considered a joint venture in a business contract?
What a joint venture in a business contract is considered is self-explanatory. In other words, it would be a contractual agreement where two companies are joining together.
Do joint executors of wills have the same power?
Generally a joint executor would have as much power as any other joint executor, meaning they had BETTER get organized and communicate about what needs to be done and who will be doing it.
Can a person who is not appointed executor but his attorney tells him to close out accounts?
He can if the accounts are joint accounts and he is the joint account owner. However, if he was the joint owner for convenience purposes only the other heirs should seek their share of the funds.
If there are joint executors can one executor have the other removed?
Yes. However, the first executor would need to have just cause to be successful in a petition for the removal of the other executor. Factors the court will consider include but are not limited to the following: neglect of duties, waste of assets, lack of cooperation with co-executor, unwillingness to act responsibly and effectively. The court will review the matter and decide if it would be in the best interest of the beneficiaries to remove that co-executor.
Can a joint owner rent a property without the consent of the other owner?
No, a joint owner cannot rent a property without the consent of the other owner.
Can anyone other than the executor of the will put the house on the market or sell it without the executors permission?
no
Can a co-executor choose to drop out after a year and a half without the knowledge of the other co-executor?
No. The co-executor must file a resignation with the probate court in order to free themselves of any obligations and responsibilities in the estate and to notify the world they will no longer be serving as co-executor.
Can a sibling sue another sibling for interference with inheritance?
That's the decision of the executor of the estate. If the other siblings want to keep the property, they would have to pay the other for their share.
Can the joint minor make withdrawals from the account without permission from other joint owner?
I believe no
What is a rush decision?
A decision made in a rush. In other words a decision which is made quickly and without much thought.
If you have joint custody can a parent send the child to away camp without permission from the other parent?
It is possible that a parent can solely take a decision for his or her child. However; It mainly depends on the agreement between parents.
If one joint power of attorney refuses to participate in the handling of the estate what can the other do to take care of the estate matters that are at a standstill?
Estates do not use power of attourney, they are managed by the executor(s) named in the will. It is the executors LEGAL DUTY to do what the will instructs - if an executor does not want to do this then a court will need to decide what to do.
Can a Co-Independent Executor act on legal documents without the other Executor?
Yes, except when selling real property. In selling real property all co- independent executors must execute the document.
