jones says. but if the executor rushes and misses some crucial legal steps, they could be found personally liable. this is where having an attorney can be a big help. an attorney also can step in and mediate beneficiary disputes, which can get nasty. “there’s a saying that you never ...
But if you rush through the estate administration process and miss some crucial or necessary legal step, you could be found personally liable for same. This is where having an experienced probate attorney who knows and is familiar with the local court rules can really help. A good attorney ...
In some cases, an executor who qualifies to serve may be affected by other rules. For example, many states do not require that your executor be a resident of the state where probate is administered. However, it is not uncommon for state law to require a local co-executor to be appointed...
contacting named beneficiaries, giving adequate public notice to creditors and paying all valid claims. Before final disbursement of estate property, the executor must
It further notes that executor-heirs maybe personally liable and maybe required to pay over money that has been distributed to them from the estate. However, it stresses that the conflict is less because their share of the estate would have been decreased by the liability in any event.Kapil...