Assigning an executor for your estate is an important role in having your final wishes granted. The executor ensures your estate is distributed how you intended after your death. Dying without having an executor in place puts the job in the hands of the court. This can drastically reduce the chance of having your estate handled with the care you expect.
It can be tricky to know just who can fill this all-important role. Here are some things to consider when picking the right person for the job:
Your executor should be someone you trust
Not everyone has the commitment necessary to fulfill the role of an executor. An executor is a tough job especially when their duty starts shortly after your death. You will need someone who is both strong and loyal. Take these tips when considering your executor:
- Trustworthiness: You may need an executor who can ensure your will and trust are in the right hands. You want someone who does not take what they believe is rightfully theirs. This may be a long-time friend, your spouse or an accountant.
- Responsibility: Executor is a role that requires swift, discreet and timely action. They may be required to obtain several copies of your death certificate and secure your estate from others. Make sure they’re willing to take on the responsibility.
- Emotional stability: The actions of your executor begin immediately after your death. This is a hard time for everyone and your executor needs to stay strong to handle their job. They also need to be able to withstand familial pressure from anxious or bossy heirs.
You may still be unsure as to who should be the executor of your estate. Experienced help can make picking the right person to manage your assets after your death a lot easier.