We have discussed a variety of issues that arise with estates on this blog, from undue influence to creating an effective will. However, there are far more issues to address, some of which you may be currently dealing with. For example, you may be having difficulty naming an executor for your estate, in which case it is pivotal to go over the ins and outs of your circumstances thoroughly. Our law firm recognizes how important it is to find an executor who you can count on and is fully capable of carrying out your wishes.
Often, people decide that their spouse or one of their children is an ideal person to name as the executor. However, some may decide that a third party should be named executor. If you decide to go forward with a third party, you should bear in mind that there may be additional costs associated with this decision. If you are thinking about naming a loved one as the executor of your estate, it is smart to carefully discuss this responsibility with them beforehand. Being an executor can be challenging and this responsibility may lead to problems such as disputes with beneficiaries and allegations of wrongdoing. Estate issues can be very emotional for those involved and it is vital to ensure that the executor of your estate is able to handle this responsibility appropriately.
Carefully planning ahead is an essential part of ensuring that your assets are passed down properly. On our estate planning page, you can read more related to naming an executor.