When creating a will, there will come a time when you have to choose an executor. This is the person who will review your will, enter it into probate and ensure that everything goes as you have planned.
Choosing the right executor is easier said than done, especially if you have several people on your radar. Here are three tips for helping you make the perfect choice:
- Choose a responsible individual: You don’t have to choose a legal or financial professional, but you must select someone who is responsible. This person will take on many tasks, all of which require efficient and effective decision-making and communication.
- Name two executors: This isn’t a requirement, but it can help in many situations. For example, if your first executor passes on before you or turns down the responsibility for some reason, the second person can step in.
- Honesty is the best policy: Choose an executor who is known for being an honest person. Not only does this give you peace of mind, but it also helps avoid a situation in which your executor doesn’t follow the instructions you have left them.
It’s not always easy to choose an executor for your will, so don’t hesitate to take your time. If you need to think about it for a few weeks, so be it. It’s better to consider all your options than it is to make a rash decision and hope that everything works out.
Once you know who you want to name as executor, speak with this person about their willingness to help. If they’re on board, you can then proceed with adding them as executor.
