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Choosing a will executor

Creating a will can be a daunting task for Florida residents. Identifying where or to whom personal belongings and assets will go after death may not always be easy. Of equal concern is determining who shall be in charge of making sure that a will’s provisions are properly carried out. This person is called the executor and choosing someone to act in this role requires careful thought.

Daily Finance suggests that for married persons, a spouse may well be the most logical executor for an individual person’s will. A spouse is undoubtedly most impacted financially by a person’s death and therefore has a natural interest in taking care of things. While having only one executor is considered the best course of action, if a spouse is elderly, it may make sense to have an adult child or other trusted advisor serve as a co-executor.

According to the Huffington Post, people are encouraged to consider naming a non-relative as the executor of a will. This allows for an often needed level of impartiality, especially if the potential for family disputes exists. Regardless of the relationship, people should always factor in the health and age of someone before putting them in charge of estate administration.

The identification of successor executors is also very wise and can prevent the state from ultimately having jurisdiction to name an executor. In some cases, an executor may have already died. In other cases, the person may be unable to serve in the capacity as originally planned. Many circumstances can impact these scenarios so good estate planning ahead of time matters.

 

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