See other questions in the Financial & Legal forum
"More than one executor for family matters"
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
Looking for a financial advisor?
Search our extensive database of over 3,500 advisors from both independent and large firms.
Enter your zipcode below
Or use this link to find a financial advisor or find a lawyer
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 .