Naming someone as your executor sounds simple enough, but you will want to make sure the person you choose has your best interest in mind. Taking your time to make a selection can help you feel at ease that your estate will receive the care it deserves.
Prior to choosing someone to fulfill this role, you may benefit from knowing which characteristics make the best executors. Finding a qualified person can protect you, your family and your estate from fraud.
Prompt and organized
The task of overseeing an estate means the coordination of a lot of moving parts. Some of the duties your executor may need to conduct include the following:
- Obtain a death certificate
- Pay off remaining debts
- Satisfy tax requirements
- Value and distribute assets
- Close personal financial accounts
- Sell real estate
Because each of these obligations requires attention to detail, you will want someone who has demonstrated organization. You will also want someone who understands the need for prompt response and communication. According to AARP, your executor may have a clearer understanding of your expectations if you have an open discussion about your final wishes.
Tactful and empathetic
Your executor will work closely with your surviving family members. Because death is already a fragile situation, you will want an executor who treats your loved ones with tact and respect.
Empathy is another valuable trait for your executor to have. Finding someone who shows concern for others may ensure your loved ones will receive compassionate treatment throughout the closure of your estate. Naming someone you trust as the executor may allow you to focus more readily on improving your estate plan protecting those you love the most.