You expect your loved ones to take over your estate according to the will you left behind. However, you need the right person for the job.
An executor is largely responsible for administering your estate before assigning each beneficiary their portion. As such, they play an integral part in implementing the will, and it is crucial that the person you settle on can effectively carry out your will.
Qualities to look out for when choosing your executor
When picking someone to execute your will, some of the qualities you need to look out for include:
- Organizational skills
- Strong interpersonal skills
- Ability to resolve conflict amicably
- Commitment to the task
- Trustworthy and honest
- Responsible, with the ability to handle money wisely
Ideally, it should be someone who has integrity, is efficient and has your best interests at heart.
It is possible to have more than one executor
Should you want to spread the risk, you can name co-executors to work together when administering the estate. However, you need to specify their working relationship to avoid confusion.
Additionally, it is advisable to name someone who will take over as the executor if your first choice is unavailable.
Making the best choice
Selecting your executor is something you need to do right, as it will determine how smooth the probate process will be. Given the huge responsibility of the executor, it is advisable to seek help if you are unsure of the person to pick.
You will have peace of mind knowing that your estate plans are in safe hands, and your beneficiaries should not have problems after you are gone.