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"More than one executor for family matters"
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- #1
- Posted: Sep 28, 2011 06:55 PM
Flag for inappropriate language - Boom Staff
- New York, NY
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That would certainly be a tension-inducing situation. But take note: being an executor is not an easy role by any means. Executors have to endure an often grueling and complex process after the person who appoints them passes away; it’s a heavy responsibility and those who may be interested in being named as such should consider all that’s involved.
For a detailed overview of what executors must do, check out: http://articles.moneycentral.msn.com/RetirementandWills/PlanYourEstate/ExecutorsCanInheritAnUnholyMess.aspx.
Many experts recommend appointing at least two executors, so that if something were to happen to one of them, there would be another to step into the role.
- submitted by Boomerater Staff
- Posted: Sep 28, 2011 06:55 PM
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Other questions Boomeraters are asking...
Hi there, I am wondering if a family ( or my parents) can name more than one of their children executor of their estate? There is definitely extreme tension .