This form is an Executor's Deed where the Grantors are the executors of an estate and the Grantees are the beneficiaries of the estate. Grantors convey the described property to the Grantees. The Grantors warrants the title only as to events and acts while the property is held by the Executors. This deed complies with all state statutory laws.
Texas Executor's Deed - Three Executors to Five Beneficiaries Pursuant to Terms of Will
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Description Texas Executor Deed
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Executors Beneficiaries Will FAQ
When multiple Executors act together on the administration of an Estate, disagreements can sometimes arise.If an agreement cannot be reached through negotiations, and a Grant of Representation has already been issued by the Probate Court, then it is possible for one Executor to apply to the Court to remove the other.
While an executor is obligated to notify beneficiaries and then move things along at a reasonable pace, he or she isn't required to distribute inheritances at the time of notification. In fact, beneficiaries might not receive anything until several months after they've been notified of their place in the will.
Your will can dictate how co-executors fulfill their duties. For example, your will can designate three co-executors and provide that decisions be made by a majority vote, that all co-executors must take action together, or that any one of them has authority to act alone.
When multiple Executors act together on the administration of an Estate, disagreements can sometimes arise.If an agreement cannot be reached through negotiations, and a Grant of Representation has already been issued by the Probate Court, then it is possible for one Executor to apply to the Court to remove the other.
Because co-executors must agree and act together, naming multiple executors can cause delays and inconvenience.In cases of extreme disagreements, one executor (or a beneficiary) can even ask the probate court to remove one or more of the other executors, so the estate can be settled without too much delay.
Usually, the person making the will (in legal terms, the testator) nominates one or more executors in his or her will, having already asked each whether he or she is willing to act. But being named in someone's last will and testament as an executor does not necessarily confer automatic appointment.
Why Might Joint Executors Disagree? The problems occur when all of your executors are alive, present and involved in handling your estate by all being named on the probate application. If that's the case, then all decisions must be agreed by all executors.