Can I Remain Co-Executor As An Out Of State Resident With Alternative Duties From The Executor That Is In State?
Can I remain co-executor as an out of state resident with alternative duties from the Executor that is in state?
As the executor, you have a lot of different responsibilities to take on, and they can all be very time-consuming. You need to get in contact with any beneficiaries and go to where the property is stored. You also have to inventory all the property that the estate has, prepare the tax returns for the estate, and even work with the IRS if any taxes are owed. In addition, you need to make sure that everything is distributed properly and according to what was stated in the will.
I think it's a good idea for there to be more than one executor, because it allows one person to focus on specific areas, while others can take care of other tasks. For example, one person could specialize in contacting beneficiaries; another could focus on working with financial institutions (such as banks), and another could be responsible for preparing tax returns. In this way, everyone can contribute to their own strengths while keeping everyone informed on what is going on throughout the process. I think it would be best if you did not serve as executor, because of your residency outside of [STATE]. It would be too difficult for you to balance your duties here as co-executor with your other responsibilities where you live now.
If you have any questions or need a Probate Lawyer, please call this law firm for a free consultation:
Ascent Law LLC
8833 S Redwood Road Suite C
West Jordan UT 84088
(801) 676-5506
