03 Jul The basics of becoming a co executor of a will
This can prove to be cumbersome and difficult to manage if the co-executors live in different areas. In fact, I very seldom recommend naming co-executors in Wills that I write for that fact alone. It simply makes administration of the estate more of a challenge than it necessarily needs to be. Everyone’s situation is different, of course, but I often recommend my clients name a single person or entity as an executor and another as an alternate executor.
What are the qualities you should look for in an executor?
Family or friend?
Many people appoint a family member or friend to be the executor of their estate. This can be a good decision for a variety of reasons. Family members and friends know you well. You’ve probably had many discussions that would guide them in making difficult decisions. It’s important that they know not just your last wishes, but also the reasoning behind them. However, if your family doesn’t all get along, picking a family member or friend who is partial to one particular group of the family could cause further problems, making any rifts even worse. If this is the case, it’s best to pick someone who is impartial — possibly a professional executor. Your attorney can advise you on this matter.
Organization skills a must
Executors deal with a lot of paperwork. And the process of closing an estate can go on for months, maybe even years. You’ll want to choose someone who can get started quickly and keep track of details as they go. This is another reason why you may not want to pick a close family member or friend. If they are still grieving, the added pressure of the estate can be a lot to deal with.
Fair but firm
At some point, while administering estates, executors will very likely have to tell someone “no.” Family members often have ideas about how things should go and there can be a temptation to entertain those ideas, but a will is essentially set in stone. You should choose someone who can follow it fairly but firmly.
These factors and others can make choosing an executor difficult. Murfreesboro probate attorney Michael Craig would be happy to help you and your family make decisions that are right for you.
As always, my office is glad to assist you in preparing your Will and Estate Plan that best protect your loved ones.