Legal Question in Wills and Trusts in California
If a living will and trust had been placed in an anuity, and there is an executor and a co executor listed on the will, is it true that the executor would need the co executor to agree to all decisions? Or, does the executor have the final word on how the funds are handled?
Asked on 5/13/12, 3:40 pm
2 Answers from Attorneys
Jennifer Rouse
Meissner Joseph & Palley
If the executors named in the Will are named as co-executors, yes, decisions have to be jointly made. If there is an executor named and then a successor executor, then the successor executor does not have any authority unless the named executor is unable or unwilling to act.
Answered on 5/14/12, 9:25 am
Donald Field
Donald L. Field, Jr., Attorney at Law
in order to obtain an correct and complete answer to this, the will, trust and annuity contract should be reviewed by a qualified attorney.
Answered on 5/18/12, 11:50 am
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