Knowledgeable And Trusted Legal Counsel

What qualities should you look for in an executor?

On Behalf of | Feb 23, 2022 | estate planning | 0 comments

As you plan out your estate and who will take care of it when you are gone, you may wonder what kind of person you should choose to be your executor.

Considering the amount of responsibility this person has, this choice can seem overwhelming. Learning more about the qualities most executors need can help you pick the best person.

History and closeness

According to Kiplinger, you do not need someone who is a financial planner or employed in a finance field to be your executor. While you want someone who is responsible, this person should mainly know you personally and be comfortable taking on the responsibility of your personal possessions and money.

Being close to your family and beneficiaries, as well as knowing you personally, is a key trait this person needs.

Money knowledge

Part of an executor’s job is paying any bills or outstanding fees you have left after you die. The person you choose must be responsible and used to paying fees in a timely manner.

Being able to communicate respectfully with the court and handle large amounts of money are also important skills he or she needs. You may want to avoid choosing someone who struggles with bankruptcy or is not financially independent.

Temperament and personality

One aspect of being an executor is knowing how to diffuse drama or disagreements about your final wishes once you are gone. Some family members may have different opinions or feel frustrated over what they receive as beneficiaries. Being able to calm them down is an important trait you need in an executor.