As you think about the end of your life and plan out your will, you may naturally have questions about the process of picking an executor.
Since this person is in charge of fulfilling many important aspects of your last wishes, being aware of what makes a person a good choice can help you.
Picking the right fit
According to Kiplinger, you may not have a solid idea in mind of who you should choose for this task. Asking your family or close friends for suggestions can help you if you feel overwhelmed by planning.
Talking about your specific wishes with your loved ones can also help you if you are physically unable to meet with potential candidates. Being specific about the responsibilities and skills needed for being an executor is also important when talking with people you may choose.
Thinking about financial history
Depending on your comfort level surrounding finances, you may want help when thinking about what the potential executor needs to learn. When you pick an executor, they should know the worth of your assets and be able to handle them responsibly.
Since an executor should have a basic understanding of taxes and the probate court, asking another person about these topics yourself may help you.
Finding the best age range
Choosing someone who is responsible but also young enough to take on the stress of this process is important. You may even want to name someone else as a backup. Having a close family member there helping you can give you more ideas about who you want to choose as a contingency plan.
Asking for help while going through estate planning and choosing an executor could give you more feedback and support.
