Who will be in charge of executing your will is one of the most
important decisions to make in the estate planning process. People
often only consider close family members, but they may not always
be the best choice. Here are some key considerations.
An executor must be at least the age of majority. There is
no legal upper age limit, unless a will provides one. Your
executors should be financially mature, which is important in
considering appointing children at younger ages. For those of
advanced age, the concern is ensuring they will be capable to act
as executor and for a reasonable period of time.
The number of executors will often depend on who has a financial
interest in the estate. For example, it may not be necessary to
appoint more than one executor who is also the sole beneficiary, if
he or she is able to carry out the role.
