As you create a comprehensive estate plan, you’ll begin to feel better about the future.
During this process, you’ll be faced with many important questions. Here is one that is sure to sit at the top of your list: who is the best person to name as the executor of your will?
While some people have an answer, others are unsure as to how to move forward.
There is no right or wrong answer as to who you should choose as the executor of your will. Instead, it all comes down to personal preference and what makes you most comfortable.
As you move through the decision making process, keep in mind the duties of an executor. This person will be responsible for things such as: distributing assets, paying bills for the estate, paying taxes for the estate, and making any necessary court appearances.
Generally speaking, most people choose an executor who fits into one of the following groups: spouse, children, or sibling.
As long as the person is honest, responsible, and organized, there’s a good chance that you can trust him or her to handle all the duties associated with being the executor of your will.
Since this is such a big decision, you don’t want to wait around to make a final choice. Instead, as you create an estate plan with your attorney, discuss who would make the best executor. At that point, you can make an informed decision that will put your mind in a better place. And when it comes to your estate plan, there is nothing that matters more.
Source: FindLaw, “Choosing the Executor FAQ,” accessed Dec. 15, 2016