Best Real Estate Lawyers in Newport Beach, CA

CO-EXECUTORS – CAN THEY ACT ALONE – PETITION TO REMOVE California Estate Planning Guide (How & Why) When creating a will, one of the most vital steps is naming an executor. The executor’s primary responsibility is to protect your property and assets until all taxes and debts are paid off. Then the executors transfer what’s left of the property to parties entitled to the inheritance. Can an executor act alone? Co-executors refers to two or more individuals named as executors of a will. They don’t share the partial authority of the estate. Instead, each individual has complete authority, meaning: They should collaborate during decision-making, ensuring they share information regarding settling the estate. Additionally, they must act as a team when settling the estate. Parties with stakes in the will can call them to perform various duties as a team, like signing checks on the estate’s behalf or submitting the will to probate. You may run into some problems if the executors don’t live nearby.