From our “Ask a Question” mailbag: I live in Bucks County, and my Will names my two children as co-executors. I thought this was a natural thing to do, but my children have not been getting along recently. What are my options?
Naming your children as co-executors when they don’t get along is a bad idea. Co-executors have to work well together and cooperate. Children who are having a dispute can transform a small family squabble into a feud that could last for generations.
You should investigate changing your Will to name another family member or, if you have none that you trust, to name your Bucks County Estate Planning Attorney. Your lawyer will charge a fee, but that fee will be small when compared to the potential costs of litigation and family turmoil between siblings. When named executor, I normally ask that the document state that I receive my hourly fee rather than a percentage of the estate, which many lawyers take. I find the hourly fee is fairer for everyone involved.
If you need assistance with Estate Planning in Bucks County, please contact one of our Bucks Estate Planning Attorneys for a free consultation.