HOW DO YOU CHOOSE A GOOD EXECUTOR?
May 19, 2020
When Texans look into estate planning, one thing becomes clear: they need an executor. Not only that, but they need a reliable executor they can trust. Picking one can seem daunting. However, by knowing what to look for, you’ll have a better chance of choosing the best one.
Essential Qualities for An Executor
According to a recent report, there are many things to consider when choosing the right executor for your will. Here are a few to consider:
Trustworthiness: If you assets worth any value, it’s essential to choose someone who has your best interests in mind. Have they been loyal to you for a long time? Do they do the right thing when no one is looking? Have they always displayed good behavior? These are the kinds of questions you should ask yourself if you’re looking for an honest executor.
Professionalism: Liking your executor is vital, but they should also fit the job qualifications. That’s because executors often have challenging and time-consuming duties. A qualified executor should have an eye for detail and the ability to work through tough situations. Executors also need to be organized and work well under pressure.
Availability: Honesty and professionalism are equally important. But they should also have the availability. If you have a friend or family member in mind that would fit the bill but are preoccupied with personal ventures, you may want to look elsewhere.
Compatibility: Your executor shouldn’t just be compatible with you, but with your loved ones as well. After all, they will be the ones dealing with your family and friends. Executors should also share your thoughts, core principles and moral code. If someone has these traits, they can make better decisions on your behalf.
You Can’t Make These Decisions Overnight
If you have a large circle of family and friends, it can be hard to know who’s the best fit to oversee your estate plan. But by asking yourself the right questions, making this decision is a lot easier.