Legal Question in Wills and Trusts in California
distribution of stocks per will
In the probate process, after the letters are issued, can an executor with full authority distribute cash and stocks from the estate per the decedent's will without notifying the court?
Asked on 3/28/09, 11:32 pm
1 Answer from Attorneys
Jeffrey R. Gottlieb
Law Offices of Jeffrey R. Gottlieb, LLC
Re: distribution of stocks per will
If the estate is under independent administration, then generally yes there is that legal authority, however it would be unwise to distribute if there is potential for creditor claims or without appropriate consents and receipts.
Answered on 3/28/09, 11:42 pm
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