Series: Before Starting Your Job as Executor, Answer These 6 Quick Estate Questions

Question 2 Can you handle the executor job?

Should you renounce if you are 83 years of age and living 3,000 miles away? Do you have health problems? Why risk your health with the stress of administrating an estate? Consider renouncing.

Arguing with people over estate problems is stressful. But if you are the only beneficiary, you may not have anyone to argue with.

Is an alternate executor named in the will? You have options. Notify the alternate executor that you declined the job or renounced. There are many legitimate reasons for you to do this. You do not have to explain why you declined.

If you renounce any alternate-named executor can handle the duties. To resign, you need permission. Approval comes from beneficiaries and judges. To resign, you’ll file legal papers with a court.

To renounce, you notify the alternate-named executor to take charge. Renouncing is easy. You don’t need permission. Resigning, however, is a time-consuming and a costly legal process. Don’t start the job unless you are prepared to finish it.

Read my first post about why renouncing is good and resigning is bad here. Then read my next post, Q #3 Will there be lawsuits?

Do you need help with executor work? Contact me.