Did You Choose The Right Executor?

Selecting the right executor to manage your estate is critical. Administering an estate is a difficult and sometimes frustrating process. The executor will have a lot on his or her plate, including fulfilling court requirements, handling unpaid bills, marshaling and maintaining estate property, paying taxes and distributing your assets. Therefore, it is imperative that you choose an executor who is up to the task and ready to invest the time to properly administer your estate. Here are some of the factors you will want to consider when choosing your executor. 

Is Your Executor Qualified? 

Your executor’s own personal finances should be sound. If your executor has creditor issues or has declared bankruptcy, he or she is not a good choice, as he or she would now be taking on significant additional financial responsibility when handling your (now your estate’s) assets. In addition, a court will not appoint executors over whom it has trouble obtaining jurisdiction, as