It’s not unusual for someone to name more than one executor for their estate. Many people appoint co-executors to provide backup, make the load a little lighter or keep things fair between family members.
While the intention is usually good, sharing the job of executor can come with challenges. Sometimes, the roles aren’t clearly defined from the start. Here’s what to do if you find yourself in this situation.
Communicate early and clearly
The moment you realize you’re not handling the estate alone, reach out to your co-executor. Remember, you both have equal authority, and you’ll need to collaborate on nearly every key decision. Whether it’s filing court documents, managing assets or paying off debts, discuss how you’ll divide responsibilities and how to stay in touch.
Know that joint action is required
Most financial institutions and courts require signatures from both executors named in a will. It means signing documents together or jointly authorizing actions when doing things like selling property or closing accounts. If one person drags their feet, the whole process can slow down.
Keep good records
Maintain detailed records of all estate-related expenses and transactions. This isn’t just about staying organized. It’s about protecting yourself should anything go south. Proper documentation helps avoid confusion, especially if beneficiaries start asking questions or if there’s a misunderstanding.
Know what to do if you disagree
Disagreements between co-executors are commonplace. Often, it’s over how to handle an asset or because their personal history is getting in the way. If you hit a deadlock, mediation can help find a resolution without going through a full-blown legal battle. Sometimes, the court may intervene to unblock an impasse and keep things moving.
As a co-executor, legal guidance can be helpful in clarifying your responsibilities, dealing with the paperwork and handling any disputes that may arise, be it from your co-executor or the beneficiaries. It can help you fulfill your duties, avoid common mistakes and administer the estate in line with the deceased’s wishes.
