When you think about estate planning, many ideas may come into your head. You may wonder what you should write in your will or what items you want to leave to your beneficiaries.
One such topic is often who you should choose as your executor. This person needs a set of skills and a willingness to follow the rules. Finding a person who fits is an important step in the estate planning process.
According to Kiplinger, the person you choose to be your executor does not have to work in a finance-related field before handling your estate. However, they should be open to organizing and staying aware of paperwork and important deadlines.
Picking someone with a good financial history and the ability to manage their own money wisely can help you as well.
Sense of responsibility
One major aspect of an executor’s job is trying to solve any problems that happen during the probate process. Your beneficiaries, who are likely to have questions about the will or what assets they receive, may not always get along.
Choosing an executor who knows how to handle conflict respectfully and responsibly can help prevent arguments. Your executor should also feel comfortable talking to the courts and other professionals since they are in charge of your assets and property.
Ability to listen well
When talking to this person about this duty, make sure that they fully understand what you want from them. Choosing an executor who knows you well can help you feel relaxed and confident that they will fulfill your wishes.
Being honest about what traits you want in an executor is the best way to ensure that the person you choose will take this responsibility seriously.