Clients often ask probate attorneys how to evaluate the performance of a Los Angeles executor in a probate case. Depending on the sophistication of your executor, the Los Angeles Probate court may use different standards for evaluating the performance of an executor in a probate litigation case.
Standard of Care for Professional Fiduciaries who are Executors:
When a Professional Fiduciary acts as an executor, he or she is held to the standard of care for a licensed professional fiduciary. The actions of the professional fiduciary as a Los Angeles Executor then must measure up to the standard of care of other executors who are licensed to act as such in Los Angeles County.
Standard of Care of Non-Professional Executors:
If a family member acts as an executor, he or she is held to the standard of care by other non-professional executors. Meeting the duty of reasonable care is the standard for all executors, regardless of their license standard, by the duty moves up or down depending on the person who is performing it.
Common Themes in Standard of Care of an Executor:
Regardless of the license status of the executor, the duty of loyalty, duty to keep the assets separate from his own, the duty not to profit from the estate without prior court approval, and the duty to account to are all themes that run to all executors and administrators. Read the Duties and Liabilities Form very carefully when you are selected as an executor, and ask questions of your lawyer. Duties and responsibilities of an executor are defined by law, but also by practice.
Types of Executors in Los Angeles:
- Non-professional executors;
- Professional executors.
Each of the types of executors above may serve in specific situations. Professional executors can be attorneys, CPAs, and professional fiduciaries who can assist in Los Angeles County.
Hire the right professionals to help you comply with your executor responsibilities in Los Angeles. Call Mina Sirkin, Probate Attorney for assistance in managing your probate estate at 818.340.4479.
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