What are the advantages and disadvantages of having2 executors of a Will?
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What are the advantages and disadvantages of having2 executors of a Will?
My brother’s son (my brother is dead) and I are both executors of my parents Will. What are the advantages and disadvantages of having co-executors?
Asked on January 12, 2012 under Estate Planning, Ohio
Answers:
M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
I am so sorry for you losses. The advantages of having two executors is that it is easier to share the load of probate. Also, if one of the executors is out of state then the other that is in state will use their address for service of information (often required by the probate courts). Additionally, if one of the executors can not serve for any reason - sudden illness or death - then there is already another in place to continue with the probate. There need not be another proceeding to appoint another fiduciary. There is also a sense of checks and balances with two fiduciares. The disadvantages are, of course, if the two do not agree on the best way to probate the estate and fighting ensues. Good luck.
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