Choosing An Executor (1) - PowerPoint PPT Presentation

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Choosing An Executor (1)

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When Choosing an executor you must consider the legal matters about calgary legal wills. you must have the legal aid from calgary legal wills lawyer|Russ Weninger. Visit at calgarylegalwills.com. – PowerPoint PPT presentation

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Title: Choosing An Executor (1)


1
How to Choosean Executor
  • By Russ Weninger
  • Calgary Legal Wills Lawyer

2
Slide Title
  • In a will, an executor has a tremendously
    important job. Sometimes an executor is called an
    executrix (if female), a trustee, or a personal
    representative. Regardless of the title used, the
    job of the executor is to make sure that the
    instructions set out in your will are followed.

3
LOCATION
If youre buying a home and asking a Realtor what
is important to consider, he or she may respond
by saying, Location, location, location! In
choosing an executor, my advice would be quite
similar. My preferred considerations in choosing
an executor are location, relation, and
cooperation.
4
Lets consider the first part of the triad
location. It matters a great deal where the
executor lives. 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.
5
RELATION
The second item in the triad is relation. In
Canada, an executor is typically someone who is
closely related to you.
In most cases, spouses and adult children are the
best choices for executors. For single people
without children, siblings are often good choices.
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
The last thing to consider is cooperation. First
of all, is the person youre considering even
willing to take on the responsibility? If the
answer is yes, will this person be willing to
follow the instructions you have set out in your
will? If the answer is also yes, will your choice
for executor be able to get along with the other
beneficiaries.
8
For more information
  • Visit us at
  • calgarylegalwills.com
  • Contact us at
  • 403-265-4496
  • russ_at_russweninger.com
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