${site.data.firmName}${SEMFirmNameAlt}
Call To Schedule An Appointment
Cherry Hill856-673-0048
Linwood609-398-3447

Choosing an executor can be critical for New Jersey residents

During the estate planning process, many decisions need to be made. One of the most critical decisions for many New Jersey residents will be the choice of an executor. The executor handles the administration of the decedent's estate such as paying creditors, locating assets and distributing property.

Many people choose a close relative or friend to be the executor of their estates. It may be a good idea to discuss the appointment prior to making out a will to be sure that person is willing to serve, like-minded and trustworthy. If a person is not trustworthy, he or she may not handle the estate in the manner the deceased individual wanted.

For instance, a woman in Tennessee was the executor of her brother's estate. It is alleged that since her brother died in 1999, she allegedly stole over $80,000 for personal use. A judge recently removed her as executor of her brother's estate, and a grand jury indicted her for theft. Even if she is not convicted, the administration of her brother's estate has been going on for nearly 15 years for reasons not reported. An alternate executor needs to be appointed to continue the administration of her brother's estate.

Even though this may be an extreme case, it illustrates the fact that the choice of an executor may require some forethought. It may be tempting to rush to a decision regarding who serves as executor of a New Jersey resident's estate. However, taking the time to consider the right person for the job and perhaps even discussing things with that person before making a final decision could give everyone some peace of mind.

Source: timesnews.net, Hawkins woman accused of stealing $80,000 from late brother's estate, Jeff Bobo, Dec. 27, 2013

No Comments

Leave a comment
Comment Information
Law Offices of Nancy M. Rice
Representing clients in Ocean City and communities throughout New Jersey.

LOCATIONS

Law Offices of Nancy M. Rice
1236 Brace Road, Suite F
CHERRY HILL, NJ 08034

Phone: 856-673-0048
Fax: 856-673-0052
Map & Directions

Law Offices of Nancy M. Rice
Linwood Professional Plaza
2021 New Road, Unit #9
Linwood, NJ 08221

Phone: 609-398-3447
Fax: 856-673-0052
Map & Directions

Cherry Hill Office

Contact the firm

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy