Thinking about end-of-life preparations may leave you with some important questions, one of which could be who would make a good executor for your will.
Choosing someone with the necessary skills and attitude is important, and knowing what traits to look for can help you make the best choice possible.
Familiar with your loved ones
According to Kiplinger, one important aspect of an executor’s job is to deal with your beneficiaries. Beneficiaries are typically family members or friends who know you and who you are giving your personal possessions to after you die.
If you choose someone who cannot properly and respectfully complete the legal steps of handing out inheritances without delay, then the process may become messy. However, if you find an executor who gets along with your beneficiaries and knows how to handle conflicts, then there is a higher chance this time will go smoothly.
Trustworthy and reliable
An executor typically has a fiduciary duty to pay your debts and taxes after you die. Any loose financial ends are important to tie up since it can lead to legal trouble or property issues. Finding someone who knows how to deal with the court system in a respectful way is important.
Financially stable
There are some guidelines for legally appointing an executor, such as making sure they are in good financial standing and can obtain bonding, which is a type of insurance needed for the court process. If you know someone who is not good at repaying debts or struggles to handle large amounts of money, then you may want to find another person for the role of executor.
