Skip to Content

We are a Veteran Owned Business, providing 20% discounts for Veterans, First Responders, Elementary and High School teachers. Please contact us to set up a phone or Zoom meeting. Taking care of you and your family, It's What We Do!

Klenk Law

Should I appoint my two kids as co-executors in Gloucester County, NJ?

Posted on Thu Jul 30, 2015, on Estate Planning

From our “Ask a Question” Mailbag: Naming Multiple People as Gloucester County Co-Executors

Most Recently Updated July 16, 2018.

“I am a resident of Gloucester County, New Jersey and want to modify my will. My two children are older, and I want to name them as co-executors. Is naming my children as co-executors a good idea?”

Naming Multiple People as Gloucester County Co-Executors

Naming Multiple People as Gloucester County Co-Executors

Your children being named as co-executors (or “personal representatives”) of your will can be a fine idea, or a terrible idea, depending on your children. You need to be honest with yourself about how well your children’s personalities work (or do not work) together.

Having your children act as co-executors means that they will have to cooperate in probating your estate. They will both have access to all relevant information, they will both need to sign deeds selling your house and they will both be responsible for filing taxes and paying creditors.

All this “togetherness” can be a good thing for siblings who work well together and both wish to be involved in the estate. Having both children work together also means they split any fee and neither will feel as if you favored one over the other. Distance is no longer a problem. I have had children serve as co-executors when both lived far outside of New Jersey.

What if they do not get along during the probate process?

But, if they do not work together or if one ends up doing all the work, this can end up causing resentment and conflict. Further, if your children do not work well together, the situation could end up with both of them hiring lawyers and bringing the estate to a slow crawl.

Your Ultimate Goal

Your goal should be to make sure handling your estate causes the least amount of conflict within your family as possible. Be honest with yourself about your children. If one would make a better executor than the other, but you feel that naming one child would cause resentment, then your best choice might be naming neither child. Having a sibling or even your attorney serve is a much better idea than having your children stop speaking to each other for years.

More Planning Questions?

Choosing executors to best serve your estate is only a piece of the Estate Planning process. By all means, if you want to learn more, please read my more detailed article, Estate Planning Everything You Need to Know.

In Conclusion: Naming Multiple People as Gloucester County Co-Executors

I hope that this article was helpful in explaining options on choosing executors. Further, I included links to even more detailed information on my website so you can learn more. Therefore, please contact me and let me know how I did. Certainly, your comments and questions are welcome!

Let our Estate Planning lawyers help walk you through what can be a confusing process. To begin with, call to speak to one of our experienced estate planning lawyers.  By all means, our lawyers are ready to answer your questions. In fact, feel free to contact our office for a free consultation. Ultimately our goal is to make the process as painless as possible!

Wills, Trusts, Probate, and Estate Litigation, It’s All We Do!

 

Tags:

Estate Planning, Estate Planning Attorney, Estate Planning Lawyer, Gloucester County, New Jersey

What Our clients are saying

Klenk Law Logo
Stars

Peter and the whole team at Klenk Law are top notch. They are thorough, efficient and understanding of client needs. He was able to tailor our estate planning needs just how we envisioned.

Klenk Law Logo
Stars

Peter has done a great job with the estate planning for my father. He is very thorough and patient as we, the family need to make decisions.

Klenk Law Logo
Stars

Klenk Law is an exceptional practice. Their fine lawyers and staff team up to produce excellent results for their clients. They excel at explaining the often cryptic laws and policies that govern estate planning right down to the complexities of the various "trust" frameworks. Peter himself manages each client together with his great team, and he has a rare quality to be both a walking encyclopedia of planning minutia and also one of the most likable lawyers I have ever had the pleasure of dealing with. He is truly generous in intellect and in his personal approach to getting the "big picture" for complex family structures. I trust him implicitly to help me make the right choices for the future. In short, Klenk Law is a gem of a firm.

Klenk Law Logo
Stars

Peter is a model attorney who puts his clients first at all costs. His extensive expertise in estate planning and tax planning was a great comfort as we began, and have expanded, our family. He is very thoughtful, generous, and quick witted. His approach towards his business has been an inspiration to his peer group, and his zest for life is extremely infectious. Without reservation, I highly recommend Peter as trusted and cherished counsel

Klenk Law Logo
Stars

I met Peter soon after he started his practice in Philadelphia, PA. He and his team have always been there for me and my various inquiries throughout my life-changing events, corporate relocations. I have lived in various cities throughout the nation, I have never had a problem in contacting Peter or a member of his team. He and his office responds quickly and returns calls to me to fulfill my requests for information or to revise my estate needs while posing relevant thought-provoking questions that I need to consider to secure my future. One of Peter's best qualities is his ability to answer clients complicated questions in a simple way to ensure comprehension.

Let us put our expertise to work for you.

Free consultation within 24 hours.