Tags
Avoid Probate, Common Estates, Disputes, estate, Estate Administration, Estate Planning, Estate Property, Executor, Family Relationships, Final Arrangements, Lawsuits, probate, Probate Avoidance, Relatives, testator, Testator-Executor Relationship
Essentially, an amicable and collaborative testator-executor relationship is an important element of an estate plan. In many common estates, the testator-executor relationship is simple: the testator creates the estate plan, and within that plan, appoints an executor to execute it. Generally, in this realm, testators will create their estate plans and expect the chosen executor to execute it without question. This type of planning, however, puts executors in a bind if the estate plan proves to be disastrous. Additionally, many named executors fail to understand that they can refuse to serve as executor as mentioned in the article, Can I Opt-Out from Serving as Executor? As a result, named executors feel they have no recourse and remain exposed to a possible turbulent estate administration. To protect themselves, named executors should approach their testators and forge a collaborative relationship before accepting an offer to serve.
Continue reading
The doctrine of ademption applies to specific bequests no longer owned by the testator at death. In general, when bequeathed property is no longer part of the estate at death, the bequest fails. As a result, the intended beneficiary receives nothing and doesn’t retain any rights to the property. 
