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What are the traits that make up a good executor?

On Behalf of | Feb 27, 2024 | Estate Planning |

Picking the right executor for your will may feel like a daunting task for several reasons. This person is in charge of carrying out your final wishes and making sure your personal items and assets get to the right people after you die.

It can help to dive into why it is important to choose someone reliable for this job.

Responsibility and trustworthiness

Your executor has to handle your money, pay off any debts you have and give out your assets according to what you wanted. It is important to pick someone responsible and honest. You do not want someone causing strife or starting fights among your family and friends.

Clear communication and organization

A quality executor needs to have social and organizational skills. They have to talk to your family, the individuals and institutions you owe money to and others involved in the process. Plus, they need to keep track of everything and make sure all the legal paperwork gets done right and on time.

Knowledge of legal and financial matters

Dealing with an estate often involves complicated legal and financial issues. Your executor does not need to know everything about these topics, but they should have a grasp on the basics. If they are not sure about something, they should feel comfortable asking for help.

Impartiality and fairness

Your executor has to be fair to everyone. They cannot play favorites or act unfairly toward any beneficiaries. It is important to pick someone who can stay calm and fair, even if things get emotional.

Availability and commitment

Your executor should have enough time in their daily life to do the job right. That means they need to be available to deal with all the paperwork, go to court if needed and handle any other problems that come up.

The selection of an executor is a decision that you should not take lightly. So, make sure you pick someone responsible and take your time to think about the choice.