Things to Consider in Choosing an Executor - PowerPoint PPT Presentation

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Things to Consider in Choosing an Executor

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Title: Things to Consider in Choosing an Executor


1
Things to Consider in Choosing an ExecutorBy
Russ Weninger Calgary Legal Wills Lawyer
2
An executor is called an executrix (if female), a
trustee, or a personal representative.  The job
of the executor is to make sure that the
instructions set out in your will are followed.
The preferred considerations in choosing an
executor are location, relation, and cooperation.
3
Location
If he or she lives near you and your assets, it
will likely be relatively easy for your executor
to act for your estate when necessary. 
4
Location
 If your executor of a will lives in another
city, province, or country, it will be difficult
for your executor to do all the things that may
be required of him or her.
5
 Relation
An executor is typically someone who is closely
related to you. In most cases, spouses and adult
children are the best choices for executors.
6
You typically want to pick someone who is close
to you and willing to take on the responsibility,
someone who is around your age or even younger,
and, in many cases, someone who will otherwise
benefit from the estate.
7
 Cooperation
  • A cooperative person who will happily follow the
    provisions of your will is likely a good
    candidate.

8
Questions you should ask before choosing an
executor
 Is the person youre considering even willing to
take on the responsibility? 
9
Questions you should ask before choosing an
executor
Will this person be willing to follow the
instructions you have set out in your will?
10
Questions you should ask before choosing an
executor
Will your choice for executor be able to get
along with the other beneficiaries?
11
Want to know more?
  • Visit our website
  • http//www.calgarylegalwills.com/
  • Or
  • Call us at
  • (403) 265-4496
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