Choosing an Executor of Your Will
For Immediate Release – June 10, 2011
Denver, Colorado
You have spent a lifetime building up your assets and personal possessions. After years of hard work, you have an estate to pass along to your family someday. It only makes sense to carefully choose the right person to handle your estate as executor of your will (also known as a personal representative). A proactive approach keeps you in control of your hard-earned legacy. Timing is everything: appoint and prepare your executor while you are still able to decide and communicate your wishes, and your legacy can live on as you want it to, not as the courts would decide.
The Society of Certified Senior Advisors has recently released this very important article that helps guide you and your loved ones through the appropriate steps of estate planning and choosing the “right executor.” It is important to keep in mind that if an executor is not appointed, the courts will do it for you. So, how do you decide who best fits the job description?
Excerpts from article:
- Discuss with your lawyer the people you are considering as your executor. Ask for some literature which outlines the duties and responsibilites of an executor. Thoroughly review this information.
- Before appointing an executor and signing your will, ask the people you are considering if they would be your executor and if each is willing to accept the responsibilities. Provide each of them with a detailed description of the job and share what it means to you personally. Be prepared to show them your will.
- If you do not know anyone who would be a suitable fit to be your executor, consider naming a lawyer or a trust company. This is especially important if your will contains trusts or other investments which may continue for a number of years after your passing.
If you are interested in reading the full length of this article, please visit our Financial Library.
The Society of Certified Senior Advisors (SCSA), provides free resources and tools for our members as an ongoing commitment that we have in helping professionals to understand the complex and dynamic lives of modern senior citizens.
About SCSA
SCSA's mission is to educate professionals to work more effectively with their senior clients. For those who work with seniors, this means understanding the key health, social and financial factors that are important to seniors—and how these factors work together. For more information about SCSA and its educational course, please visit www.csa.us.
Get information on similar topics. Download them now for free:
More About Medicare and Changes in 2011
The Consumers Guide to Home Safety for Seniors
How Healthcare Reform Affects Seniors
Contact:
Erica Ananich, SCSA
p: (888) 538-2599
e: society@csa.us
www.csa.us
www.csa.us/blog
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