An Executor Is Powerful, So Choose Wisely

This key position determines if the estate is handled well.

An executor needs to be chosen carefully, according to the Wills, Trusts & Estates Prof Blog in “Selecting an Executor for Your Estate.”

While there are others who will have a hand in determining how the estate administration goes, the executor with handle most of the decisions.

It is the executor who will have to make the biggest decisions and, unless someone complains, there will be little oversight from busy probate courts.

You need an executor who is trustworthy, understands financial matters, has the time to do the job properly, is willing to do the job, is patient and will seek the advice of experts, when necessary.

Finding someone who meets all of those qualifications, can be a challenging task for many people.  However, it is necessary, if you want your estate to go smoothly.

Fortunately, if you do not have a friend or family member who fits the bill, there is someone you probably know who can help steer you in the right direction.

An estate planning attorney can guide you in creating an estate plan that fits your unique circumstances.  They can also advise you on a good choice for an executor.

Reference: Wills, Trusts & Estates Prof Blog (July 13, 2017) “Selecting an Executor for Your Estate.”

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