When choosing an executor, there are qualities that you should consider. Being trustworthy and honest is an important part, but there are other questions you should ask yourself, especially if the person is not your spouse or child. Our lawyer in Cary NC is here to help you with this.
Choosing an Executor | Lawyer in Cary NC
If you have decided to ask a family friend or a professional, you may want to ask yourself the following questions.
Will this person carry out my wishes?
The point of writing a will is to have a say in what happens to your assets when you die. The executor should respect those wishes.
Will this person benefit from my estate?
In some cases, if a person has a stake in the estate, it can affect how he or she makes decisions.
Where is this person located?
If he or she lives out of town, it may be difficult for them to manage the duties of being an executor. He or she may need to work with your local banks, make appearances in court and check on property you own.
Should I name a co-executor?
If you feel that having two people involved will help make the process easier for each of them, you can name additional executors.
Keep in mind that there are some restrictions as to who you can name. The person must be over 18 years old. He or she cannot be a convicted felon. In addition, in some states there are other guidelines that may require the executor to live in your state.
Remember that if you do not name an executor, the court will name someone on your behalf. Do not overlook this important element in planning your estate. Also, remember, if the person you name chooses not to fulfill his or her duties, the court will appoint someone else. There is an option to name an alternate executor should this happen.
Talk with a lawyer in Cary NC who understands estate planning if you have questions about naming executor on your will. Call Eldreth Law Firm in Cary, NC to make an appointment today.
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