Creating a will means making monumental decisions that will shape your legacy and impact your loved ones for years to come. Without a will, California intestacy laws would dictate what happens to your hard-earned assets. And you may not like this.
However, one of the most crucial decisions you need to make while creating your will is who will execute it. You can never take this decision lightly. Depending on the size of your estate, your will executor’s job can be very complicated. As such, you want an individual who has the competence to make the right decisions regarding the probate process and ensure that your wishes are honored to the letter.
Here are two important traits you need to look for in a potential executor.
Being designated as an executor is a position of trust, the executor’s trust. You should never have doubts in your mind as to whether the person you are designating for this role is trustworthy, ethical and dependable. After all, it is all about your assets, your legacy and your loved ones’ future.
2. Organization skills
Depending on the complexity of your estate, the probate process can be quite long and complex. The executor you settle for will be responsible for identifying and managing your assets when you die. They will also be responsible for paying off your debts and estate taxes before distributing what is left to your beneficiaries according to the provisions in your will. All these require a great deal of organization to perform successfully.
The choice of an executor can make a huge difference regarding how well your assets will be distributed to your beneficiaries. Find out how you can create a will that will safeguard your legacy and loved ones’ future.