FREE EXECUTOR KIT: A checklist for choosing an executor
Tuesday Apr 25th, 2017Share
1. Make a list of the people you know and trust who could do the executor job well.
2. Consider the advantages of appointing more than one executor to work together. Perhaps neither one alone has all the tools necessary to get the job done, but as a team they do. This also has the benefit of sharing the load on more than one set of shoulders, and providing checks and balances - two heads may well be better than one.
3. Consider the value of a corporate executor, to reduce strain on family relations and ensure an impartial and expert estate administration
4. Ask your preferred executor if he or she is willing to accept the role. Be realistic about what the task will involve to elicit a meaningful response, because if your selection is unwilling or unhappy about taking on the responsibility it is far better to find out now than to make it an issue after your death
5. If your executor agrees to act, inform affected beneficiaries to prevent unwelcome surprises at the time of death.
6. Leave your executor written guidance about what the estate assets consist of, where to locate them, which advisers should be involved, whether family heirlooms require special treatment, and any funeral wishes to be followed.
Send us an e-mail at firstname.lastname@example.org or call us at 416-699-9292 for your FREE copy of The Executor Kit (Retail value $40).
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