Alex How long does it take to get Letter of Executorship?
Generally it takes about 8 weeks after the estate has been reported to the Master’s Office before the Master issues his Letters of Executorship.
What do you need to know about being a co-executor of a will?
If the will names co-executors then it is important to know that: Both executors must sign the initial petition with the probate court. Typically, both executors will have to sign checks and other estate paperwork. Both executors may be responsible for filing tax returns.
Do you have to be an executor of an estate?
An executor may have to apply for probate, which gives them the legal right to deal with someone’s estate. It may not be necessary if the estate is quite small. If more than one person is named as an executor, you must all agree who makes the application for probate.
Can a co-executor of an estate share an attorney?
Each co-executor is entitled to an estate lawyer of their own choosing. Although its common for co-executors to share one attorney, they are not obligated to do so. When the parties have a difference of opinions, an attorney representing both executors can no longer do so due to a conflict of interest.
When to name an adult child as a co-executor?
An unmarried person with adult children often names an adult child as the primary executor. Co-executors, on the other hand, are all primary executors who share the responsibility of managing the estate. If there are two or more adult children, many parents name them as co-executors so that they aren’t perceived as favoring one child.
If the will names co-executors then it is important to know that: Both executors must sign the initial petition with the probate court. Typically, both executors will have to sign checks and other estate paperwork. Both executors may be responsible for filing tax returns.
Who are the co-executors of an estate in Georgia?
First, under Georgia probate law, when a probate court has appointed two people to act as co-executors of a will they have a duty to act together in the best interests of the estate and its heirs.
Each co-executor is entitled to an estate lawyer of their own choosing. Although its common for co-executors to share one attorney, they are not obligated to do so. When the parties have a difference of opinions, an attorney representing both executors can no longer do so due to a conflict of interest.
What to do when a co executor of the estate goes rogue?
In most instances, the estate and the family are much better off having only one executor. As you can imagine, sorting out situations with co-executor problems can be very complicated. Our office recommends that you engage the services of a qualified probate lawyer to make sure it is done right, and that the situation is not made worse.