When two executors are named, they must agree on all the decisions being made for the estate, but there are still problems that can arise. The adage “two heads are better than one” is not true when two co-executors are butting heads over issues.
Co-Executor Problems | Wills Lawyer Cary NC
When drafting a will, it is important to consider who you are naming as executor or co-executors of the estate. You will want to name someone who is trustworthy and who will carry out your wishes as outlined in your will.
If problems arise when co-executors are fulfilling their responsibilities, there are measures they can take to ensure the estate is protected and the wishes of the deceased are carried out. This usually calls for a third-party to become involved. It is generally a judge, but it can be a wills lawyer in Cary NC.
In some cases, a will that names two co-executors also gives guidelines for resolving any anticipated problems between the two parties. For instance, the will can provide a tie-breaker option where a vote from a third party can be obtained. However, this can only be used as a solution when the will specifically outlines it.
Having problems between co-executors can happen, though it isn't something you think to plan for. Sibling rivalry or inability to get along can be just a couple of the causes. To learn more about this, be sure to visit back with our next blog post.
Estate planning is one of the most important parts of life that often times get overlooked. If you've yet to begin planning or haven't updated in a while it might be time to think about doing so. Just contact our wills lawyer in Cary NC to begin estate planning, today. As always, for more information from Eldreth Law Firm, PC be sure to visit back with us, soon! If you have any questions, contact us concerning any and all estate planning concerns!
Are you looking for a wills lawyer in Cary NC? Contact Eldreth Law Firm, PC to schedule a consultation with us to get started with your estate plan. We are here to help you with all your legal matters, whether it be estate planning, trademarking, copyrighting, or DWI issues.