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Difference between revisions of "Choosing an Executor"
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Estates that involve a small amount of money (under $25,000) may not need to go through probate. It’s up to the outside parties who hold your assets (such as a bank) whether they’ll give the executor those assets without a grant. | Estates that involve a small amount of money (under $25,000) may not need to go through probate. It’s up to the outside parties who hold your assets (such as a bank) whether they’ll give the executor those assets without a grant. | ||
== What | == What to consider when choosing your executor == | ||
Most people ask a family member or close friend to be their executor. You can also ask a lawyer, a '''notary public''', a private trust company, or the Public Guardian and Trustee. | |||
Important qualities to look for when choosing an executor include: | |||
* '''Willingness''': The person you’re thinking of appointing should confirm that they’re willing to take on the job. | |||
* '''Trust and familiarity''': An executor should be someone you trust to carry out your wishes. It’s best if they’re familiar with your situation. | |||
* '''Time and ability''': Being an executor takes time, energy, and attention to detail. The job will be more demanding if your affairs are complicated — for example, if you have a lot of investments or debts, or if the will includes a '''trust'''. It helps if the person you choose is organized and a good communicator. | |||
== Who should you choose to be your executor? == | == Who should you choose to be your executor? == | ||