Title: Choosing An Executor (1)
1How to Choosean Executor
- By Russ Weninger
- Calgary Legal Wills Lawyer
2Slide 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.
3LOCATION
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.
4Lets 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.
5RELATION
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.
6You 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.
7COOPERATION
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.
8For more information
- Visit us at
- calgarylegalwills.com
- Contact us at
- 403-265-4496
- russ_at_russweninger.com