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Tips for Choosing An Executor

An executor is the person named in your will to administer your estate when you die. An executor has many duties, including: filing your will in probate court; managing your property during the probate process; paying your debts; and distributing your property according to the terms of your will.

Because the executor's role is so important, be careful when choosing one. There are no set rules for how you must choose. Some people choose a close friend or the main beneficiary of their estate. Other people choose a lawyer or other professional. Whoever you choose, make sure that person is well organized, trustworthy and familiar with your family situation.

Your will should also name an alternate executor in case the first person selected cannot serve.

Choosing an executor is one of the most important estate planning decisions you will make. Legal assistance can be obtained to help you decide who should be your executor. It can also be obtained to help the executor perform some or all of the duties of probating an estate.

 


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