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Difference between revisions of "Introduction to Being an Executor"
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Introduction to Being an Executor (view source)
Revision as of 20:45, 21 July 2015
, 20:45, 21 July 2015→Do I have to act as executor?
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If two people are named as co-executors, one of the co-executors can decide they do not want the job. As of March 31st, 2014 it is no longer necessary for a co-executor to complete the “Renunciation of Probate” form. A co-executor’s right to be named as executor on a grant of probate is reserved if they don’t renounce. | If two people are named as co-executors, one of the co-executors can decide they do not want the job. As of March 31st, 2014 it is no longer necessary for a co-executor to complete the “Renunciation of Probate” form. A co-executor’s right to be named as executor on a grant of probate is reserved if they don’t renounce. | ||
If there is no co-executor, the alternate executor can take over. If there is no alternate named in the | If there is no co-executor, the alternate executor can take over. If there is no alternate named in the will, someone will have to apply to become estate administrator of the estate. It is best to agree to act as executor only if you feel you can do the job well. Being an executor takes time. | ||
===Does an executor get paid?=== | ===Does an executor get paid?=== | ||
