Ohio residents like you spend a lot of time working on estate management. Building up an estate plan takes a lot of time, effort and flexibility. However, you must start with a strong foundation. Otherwise, your plan will not last or remain stable.
To this end, you must put a lot of thought into your estate executor. They will serve as the backbone for your estate plan. They are crucial for its success moving forward.
An executor as a leadership role
Forbes examines some ways to know you have picked the right executor for your estate. They make it clear that executors are not a “one size fits all” deal. The perfect executor for your friend may not be a good fit for you.
But executors that succeed and carry out an estate plan smoothly often share a few traits. This includes strong leadership skills, a high level of organization, and the ability to stick to a schedule. Your executor should succeed at setting timelines and tasks for themselves. They should also achieve them without needing outside pressure to get things done.
Sharing key beliefs with your executor
Another important factor is sharing key beliefs with your executor. Your executor handles estate matters, but more importantly, they act as a stand-in for you after your death. Do you want your representation to hold different principles, morals and core beliefs? The answer is likely no.
Finally, your executor must have the time and desire to take the role. Probate often lasts for years. An executor will deal with the legal aspects of it for a long time. If they have grandiose plans for their immediate future, they may not want to take over with your estate plan.