Tennessee residents who are drafting their will need to choose a person to serve as the executor of their estates after they die. In most cases, people will select a trusted family member to fulfill the role of executor, but not everyone will be able to trust a family member with this role. How should you go about making sure that you're picking the right person to be the executor of your estate?
You can literally choose any adult to serve as the executor of your estate. It might be your spouse, a good friend, a child or even a grandchild, for example. That said, if you have a complicated estate, you might want to select an attorney, or another professional who has a wide breadth of financial expertise to be your executor. If you're having trouble deciding, you might choose joint executors -- like your spouse and your attorney -- who can share the responsibilities of executorship together.
In your will, you may want to empower the executor to continue paying important bills after you're gone, such as credit card bills, mortgage payments and other debts. When properly addressed in your will, your executor can resolve outstanding financial issues that you didn't specifically address in your will.
A properly drafted will can do wonders to help Tennessee families save money, time and headaches following the death of a loved one. To ensure that you've taken every precaution and every appropriate step during the creation of your will, you should use the services of an experienced Tennessee estate planning lawyer.
Source: AARP, "10 Things You Should Know About Writing a Will," Brett Widness, accessed April 06, 2017