1,621
edits
Changes
no edit summary
* '''Time and ability''': Being an executor takes time, energy, and attention to detail. The job will be more demanding if your affairs are complicated — for example, if you have a lot of investments or debts, or if the will includes a '''trust'''. It helps if the person you choose is organized and a good communicator.
== Who should you choose Other factors to be your consider in choosing an executor? ==An executor should be someone you trust and who has the ability to carry out the instructions in your will[[File:Preparing_Your_Will_-_Image_1. It’s best if he or she is familiar with your situation and your wishesjpg|thumb|275px|right| link=| <span style="font-size:50%;">Image via www. An executor can be one of your beneficiaries. Most people ask a family member or close friend to be their executoristockphoto. com</span>]]
{{PLSTipsbox
| text = It is very important to name at least If you’re thinking of appointing more than one alternate or backup executor in , consider if they’d be a good team. You should discuss your willwishes with all of them, preferably together. If }} == How you can make the job easier for your executor ==You can help your executor by taking these steps:* '''Register your will''', and tell your executor where the original will is unable kept. It should be easy for them to access. * '''Keep an up-to-date, detailed record''' of everything you own and owe. For example, record your bank accounts, retirement benefit plans, insurance policies, real estate, and pension benefits. Note any items owned in '''joint tenancy''' or unwilling that name a specific '''beneficiary'''. The executor won’t have to manage these assets. * '''Explain your plans''' to actfamily members, the alternate can take overbeneficiaries, or anyone who may be legally entitled to a share of the estate. Talking with them now may prevent problems later.}} * '''Review your will''' and your choice of executor every few years, and consider updating it when your circumstances change.
== Can more than one person act as executor? ==