How many executors can be named in a will?
In New Jersey, a will can have up to four executors, or personal representatives, named in the will. An executor is a person that is appointed to handle the affairs of an estate when the deceased passes away. This includes distributing assets, filing taxes, and other necessary tasks. The executor typically ensures that the last wishes of the deceased are followed. If a will names more than four executors, the fifth and subsequent executors are treated as alternate executors. Alternate executors will only take over the duties of the other executors if the other executors are unable or unwilling to serve. If the original executors are able to serve, then the alternate executors do not participate in the probate process. When naming executors in a will, the testator (the person making the will) should choose their executors carefully. Executors have a fiduciary duty to the estate, which means they must act in the best interests of the estate at all times and avoid any conflict of interest. In summary, a will in New Jersey can name up to four executors and any additional executors will be treated as alternate executors. When naming executors, it is important to make sure they are able to fulfill the duties of the office and that they have no conflicts of interest.
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