One of the first most important decisions to make when considering your will is to name an Executor. The Executor makes sure that your wishes, as stated in your will/estate, are carried out. This is a person with whom you place ultimate trust.
Often, a family member is designated as Executor, especially an adult child. This is an obvious choice, but may not be the best choice. Some things you should consider:
- Family Harmony - Problems can arise when a parent picks one child over another.
- Sometimes a child can find it hard to be completely objective.
- Your children can often disagree over numerous items surrounding your estate (the selling of assets, division of personal property, or how long it should take to settle the estate.)
- Children also find it often difficult to communicate with one another.
If you are concerned about any of the above, you should consider naming a sibling or close friend as Executor.
At Campbell & Pruchnik, wills and estates are our specialty. We can help guide and advise you based on your unique situation. Call us today for a free consultation at (732) 363-7869.