If you agree to serve as an executor, you will have many future responsibilities. If a loved one has recently informed you of her wish to appoint you as executor, you will need to carefully think through before agreeing to serve. Take a look at the following information, to learn more. If you have any questions, or if you’d like to discuss the responsibilities of an executor, contact an estate planning attorney.
In order to be a good executor, you will need to be highly organized. It’s important that you’re able to keep detailed records of all aspects of the estate affairs. This will allow you to ensure that all affairs have been handled correctly and with care. You should also be willing to get professional legal help, if needed. It can be helpful to get extra assistance with certain financial and legal affairs.
You also need to realize how much of a time commitment your job will be. You will need to be able to put forth all of your effort. You will have to constantly communicate with beneficiaries, as well as work with the court and the probate attorney. Before accepting the position, you should take a look at all of your life responsibilities to make sure that you’re able to commit to the job duties.
If you have concerns about serving as an executor, make sure that you voice them to your loved one. Taking the time to communicate about the decision will allow you to think more carefully. Additionally, you shouldn’t feel bad about declining the position. If you feel that you’re not a good fit for the job, you need to make the right decision.
If you have any questions about your role as an executor, consult with a qualified estate planning attorney.
- Alzheimer’s Care Tips: Get the Help You Need - January 18, 2022
- Living in a Digital World and the Importance of Planning for Cryptocurrency - January 5, 2022
- Don’t be a Turkey – Use Your Annual Per Donee Exclusion Amount - December 29, 2021