Before Starting Your Job as Executor, Answer These 6 Quick Estate Questions Series
Being an executor may be an honour but it is also a job. It is a job you are not legally obligated to accept. Ask these questions about your risks. If you’re worried, seek legal advice about your options. Estate advice may reassure you or you may decide to decline the job.
You are not obliged to act as an executor. You don’t need to give reasons for not accepting the job. But you must, however, renounce before you start working.
You are named as the executor, estate trustee or estate legal representative in a person’s last will. Better to get advice to renounce before you start work. This blog series explains why so you don’t get trapped.
Renouncing good, Resigning bad
Renouncing the executor’s job is easy. You don’t need permission from anyone to renounce. On the other hand, resigning as executor requires permission and is more complicated.
Answer These Executor Questions
I have helped executors whenever problems arise. I continuously write on these executor topics. Most executors find the job is more work than they expected. No one ever warned them before they got involved. People wished they knew how much trouble being an executor was. Now let’s start with question #1 in my next post.
Need help deciding if you should act as executor? I have helped executors whenever problems arise. Contact me.Posted In: Estates, Executors On: June 16th, 2021