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KembaraXtra – Legal Terms – Power Reserved by Executor
Power reserved by executor arises when an executor chooses not to immediately take part in administering an estate.
Another executor may proceed with obtaining probate while reserving the absent executor’s right to join later.
The non-proving executor retains the ability to apply later through double probate.
This arrangement is commonly used where an executor is temporarily unwilling or unavailable to act.
It differs from renouncing probate, where the executor permanently gives up the right to act.
Power reserved by executor arises when an executor chooses not to immediately take part in administering an estate.
Another executor may proceed with obtaining probate while reserving the absent executor’s right to join later.
The non-proving executor retains the ability to apply later through double probate.
This arrangement is commonly used where an executor is temporarily unwilling or unavailable to act.
It differs from renouncing probate, where the executor permanently gives up the right to act.
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