Would like will to have co-executors. How does this work?

Asked about 1 year ago - Stone Mountain, GA

Are the duties divided or are both parties required to be present for all steps in executing the will? And if there are outstanding loans to the person writing will, should the will state which are not to be paid back and which are to be paid back- And stipulate how the loans should be paid?

Attorney answers (5)

  1. Glen Edward Ashman

    Pro

    Contributor Level 20

    4

    Lawyers agree

    Answered . First of all, do not write a will without a lawyer. Even the slightest error can be a disaster. The cost of getting real help to do a will is amazingly low.

    Second, I am not a fan of co-executors. It creates a recipe for possible dissension. I think there should be one decision-maker in most wills. If you don't trust someone enough to serve alone (and think someone else needs to watch them), that person is a poor choice to begin with. Co-executors also complicate day to day affairs as many things do require two people and two signatures.

    Third, you can forgive some or all of your debts in a will. There are consequences, pros and cons, that should be discussed with your lawyer.

    If you find this answer helpful, please mark it here on AVVO as helpful. In answering you, I am attempting to... more
  2. Samuel Solomon Bruner

    Pro

    Contributor Level 11

    1

    Lawyer agrees

    Answered . You need some legal help. Do not do this on your own. Named co-executors is not a good idea. Giving the executor the right to name a co-executor is something else.

    Deciding what debts to forgive is something you should discuss with your attorney so that you can explore and the consequences.

  3. Darrell Brinnett Reynolds Sr.

    Contributor Level 17

    1

    Lawyer agrees

    Answered . It would be best to retain an attorney to handle this matter.




    Darrell B. Reynolds, Sr.
    Attorney and Counselor at Law
    drey1954@cs.com
    404-636-6616

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  4. Drew Norman Early

    Contributor Level 18

    1

    Lawyer agrees

    Answered . Not a good idea in practice.

  5. Alan James Brinkmeier

    Contributor Level 20

    2

    Lawyers agree

    Answered . This Is not advised and can be a recipe for disaster.
    Hire counsel and get this done correctly.

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