Who Do You Trust As Executor For Your Will?
When you pass on, an executor is going to step in and handle your estate. This means that he or she will be approved to perform legal tasks just as you had, such as paying creditors, selling property, reviewing medical records, bringing forward lawsuits, and distributing assets to beneficiaries. Acting as an executor for someone who’s passed is an important job, so you should always choose someone who is responsible and has your best interest in mind.
If you are having a hard time choosing someone to be the executor for your will, consider a couple important characteristics:
Willing To Take On The Role
Before officially stating a name as an executor in your will, confirm with that person that they are okay taking on this role. An executor will have to perform duties such as the following:
- Obtain copy of will and file with probate court
- Inform banks, credit card companies, and government agencies of death
- Identify what kind of probate is required
- Represent the estate in court
- File inventory of estate assets with the court
- Set up account for incoming funds and ongoing bills
- Maintain property until sold or distributed
- Distributing assets to beneficiaries
Willing To Ask For Help
The individual you pick as your executor doesn’t have to be a legal professional. However, they must be willing to ask for help when needed. A person who is legally minded can be a good choice, but most people are going to need some kind of guidance from a lawyer to make sure they are carrying out their duties properly.
To get more guidance about choosing an executor for your will, consider reaching out to an The Law Group of Iowa from The Law Group of Iowa today.