When people put together their estate plan, one of the things they have to decide is who will be the executor of their estate. The executor has a lot of responsibility, so it is important to think about who should perform this role.
When people choose an executor, it is important to think about the kind of work an executor does. Forbes says that the executor of a will typically goes through the finances of the deceased and identifies all of the assets. Because of this, it may be a good idea to pick someone who understands financial and legal matters. Additionally, it is a good idea to remember that it may take at least two years for the executor to perform all of these duties. People may want to choose someone who is patient enough to do this job for a few years.
It is a good idea to think about a person’s personal qualities. FindLaw says that people may want to pick someone who has good organizational skills. These skills can help an executor keep track of all the small details about the estate and perform his or her duties efficiently. It also may be a good idea to choose someone who communicates well so the entire family understands what is going on.
Additionally, it may be a good idea to pick someone who lives in Minnesota. The executor may need to do maintenance on the deceased’s home and check the mail. Sometimes this person also has to go to court for matters concerning the will. It may be difficult for someone to do all of these tasks if he or she lives in a different state. Once people choose an executor, it is a good idea to speak to this person. Sometimes people may not be willing to serve in this capacity, so it is important to make sure a chosen executor understands the job and accepts the responsibility.
