Q: I have basic will, life Insurence, very small estate, bank account. I have absolutely no one to be Executor,
What do I do or what happens without an executor
A: If your estate requires probate, then someone will ultimately petition the court to become executor in the absence of the Will nominating an executor. However, your estate may not require probate with simple estate planning. For bank accounts, you can designate beneficiaries with the bank, and the bank will then turn over the cash to the named beneficiaries. The same is true with life insurance proceeds. I recommend speaking with an attorney and providing more details to make sure your estate does not have to go through the probate process.
Yelena Gurevich agrees with this answer
A: You don’t need a family member to act as your executor. You could name a friend, co-worker, neighbor, or anyone else you want. But if you are like some of my clients who moved here from another country and literally have no friends or family in the country, you can name a professional trustee/executor, a CPA, or bank as your executor. I hope that helps!
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