Thursday, January 22, 2015

Can a executor of an estate in California lives oversea ? Is that allowed in the California ruling?

Question

Can a executor of an estate in California lives oversea ? Is that allowed in the California ruling?



Answer

Each county has its own "local court rules". Most counties require a non-California resident (even if it's a US citizen living in another state) to post a bond.



Answer

Even if all beneficiaries waive the requirement of a bond our local courts require at least a $20,000. bond of an out of state executor.



Answer

If you are talking about a Probate in San Diego County, the amount of bond required depends on the size of the estate. $20,000 is the minimum bond required. The Probate judges often require a bond that is roughly the value of the estate. In California,bonds are required for out-of-state executors even if the will waives bond. Although there is no requirement that the executor reside within the state of California, it may be difficult, but not impossible, for an executor to carry out his/her duties while overseas.



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