Free adult cyber chat rooms in s a - Liquidating cd to administer estate
Our attorney did not explain the conservator's responsibilities thoroughly. The Conservator needs to file a final account to close the Conservatorship.What happens if I did not file a final account after my father passed? The balance left in the Conservatorship account should be transferred to the Personal Representative, and the Personal Representative needs to review the Account and assent or object.
So, my advice would be to yield on this one and live to fight another day!!
When my clients ask about naming co-Executors, I always discuss the downside, which is, as you mention, it can be cumbersome.
The attorney assisting your parents in drafting their Wills should review the pros and cons associated with multiple executors with your parents before executing the Will.
In that case, I go along, on the grounds that, at the time the estate is probated, the named individuals can then decide how to deal with the situation, whether one will resign in favor of the others, etc.
That way all are named, parents showed no favoritism and relied on the named individuals to come up with the best situation when the time comes to actually serve.
After all, the situation at the time of the parent's death can be completely different then than now; who knows where we all will be living 10-20 years from now?Another reason to name multiple persons and let them sort it out when the time comes.One of the siblings that is co-executor lives outside of the US (Sweden).I have read that having more than one executors can make the process ponderous. What is your opinion about having co-executors living out of state or even out of country?I don't want to start a world war, but i would like to prevent serious problems that might occur in the future! When my clients ask about naming co-Executors, I always discuss the downside, which is, as you mention, it can be cumbersome.Sometimes, my clients don't want to show favoritism and so insist on naming co-Executors.