I was asked to be the Executor for my parents, but then as I was about to accept, I was told by their lawyer that accepting would require me to move back to the states and never leave. So... that didn't happen.
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I could wildly guess that there is a law to prevent capital from leaving the US. I'm curious to learn the reasons for this rule. I hope your parents had a alternate found.
Meanwhile, my Liberal government has increased the capital gains rate in Canada and as a result Investment capital is fleeing over the border. Now the government is considering a departure tax on individuals and businesses leaving Canada. ☹️ Facepalm!
!BBH
It could be, or it could be an availability thing. I don't know. They passed over my other brother, the next in line after me, too, and went with my youngest brother, I'm assuming because he lives in the same city.
Wait what? Why is that? Being an only child with no kids and having a husband whose whole family lives in Australia… I could see being in a position where I would want an executor not on US soil. It would for sure be hard to manage an estate from a different country, but they said you were not allowed?!!!
I don't have an answer for that. All I know is I was told I wouldn't be allowed to continue living in Japan if I wanted to do it. So I reluctantly passed, despite being the oldest which makes me feel like it should be my responsibility. Part of me thinks it was a final attempt by my parents to force me to move "home", but I'd like to not be so cynical. At any rate, I only know what I was told.
That is so weird. I could understand if you had to be in the country whilst you were carrying out the Executor role, I can see the practical justification for that, but before?
Maybe your parents really miss you a lot...
Yeah, I don't know. It could be an availability thing. If they worry the end could come instantly, and that I wouldn't be able to come for at least a few days or more. They ended up going with the youngest in the family, maybe because he lives in the same city as them.