From our “Ask a Question” Mailbag: Recent Problems Between Named Philadelphia Executors
Most Recently Updated July 13, 2018.
“I live in Philadelphia County, and my Will names my two children as co-executors. I thought this was a natural thing to do, but my children have not been getting along recently, what are my options?”
Recent Problems Between Named Philadelphia Executors
Recent Problems Between Who I Named as My Philadelphia Executors
Naming your children as co-executors when they do not get along is a bad idea. Co-executors have to work well together and cooperate. Children who are having a dispute can make what is a small family dispute into a family feud that lasts generations.
What can I do?
You should investigate changing your Will to name another family member or, if you have none that you trust, to name your Philadelphia Estate Planning Attorney. Your lawyer will charge a fee, but that fee will be small when compared to the potential costs of litigation and family turmoil between siblings.
When named executor, I normally ask that the document state that I receive my hourly fee rather than a percentage of the estate, which many lawyers take. I find the hourly fee is fairer for everyone involved.
More Planning Questions?
Problems between named Philadelphia Executors 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: Recent Problems Between Named Philadelphia Executors
I hope that this article was helpful in explaining what to consider while picking 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!
Estate Planning Lawyer, Kelly Barse.