What is the process for resigning as a co-executor?

Full question:

What is the procedure for resignation of a co-executor

  • Category: Wills and Estates
  • Subcategory: Executors and Administrators
  • Date:
  • State: Iowa

Answer:

If the testator is alive, write a letter to them stating your wish to resign. Provide a copy to the other executor and keep one for yourself. If the testator has passed away, you must file a petition with the court to resign, explaining your reasons. Serve a copy of this petition to the other executor and the heirs.

This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.

FAQs

If co-executors cannot agree on decisions regarding the estate, one option is to seek mediation to resolve disputes. If mediation fails, a co-executor can petition the court for guidance or to remove the other executor if necessary. The court will consider the best interests of the estate and may appoint a neutral third party to assist in decision-making.