This deed, or deed-related form, is for use in property transactions in the designated state. This document, a sample Executor's Deed, can be used in the transfer process or related task. Adapt the language to fit your circumstances.
Allegheny Pennsylvania Executor's Deed - Co-Executors to Two or More Grantees
Category:
State:
Pennsylvania
County:
Allegheny
Control #:
PA-019-78
Format:
Word;
Rich Text
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How to fill out Pennsylvania Executor's Deed - Co-Executors To Two Or More Grantees?
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FAQ
In most situations, it's not a good idea to name co-executors. When you're making your will, a big decision is who you choose to be your executor?the person who will oversee the probate of your estate. Many people name their spouse or adult child. You can, however, name more than one person to serve as executor.
Co-Executor Duties A co-executor has the same duties as a single executor, primarily to: Pay the debts of the decedent. Manage the assets of the estate. Assure that the estate is distributed to the appropriate heirs, as set forth in the will.
If the will names multiple executors, but only one person wishes to take out a grant of probate, it is wise for at least one of the others to sign a power reserved letter, just in case the appointed executor cannot complete the administration of the estate.
People usually designate one person to serve as the executor of their will, but it is also possible to designate two or more co-executors. Most lawyers advise that one executor is best, as it avoids potential disputes, but there are situations where it may make sense to appoint co-executors.
After your passing, they may be unable or unwilling to be your executor. This is where it becomes important to have an alternate executor. An alternate executor is a person who would take on the duties of an executor if, for any reason, the person you've named cannot fulfill the role.
People usually designate one person to serve as the executor of their will, but it is also possible to designate two or more co-executors. Most lawyers advise that one executor is best, as it avoids potential disputes, but there are situations where it may make sense to appoint co-executors.
Pennsylvania law does not restrict the number of people you can name as joint executors.
Co-Executors in Pennsylvania must serve jointly. Do not be surprised if you call an attorney when a loved one passes to try to start an estate, only be told that the other Co-Executors must be present.
The executor is the person named in the Last Will and Testament to handle the affairs of the estate. When more than one person is appointed as executor the are referred to as co-executors.