One of the most important steps when drafting a will is choosing an executor. The executor is responsible for ensuring that your wishes are carried out after you pass away, so it’s essential to choose someone who is reliable and trustworthy.
This can be a difficult decision, but there are some best practices you can follow to make sure you select the right person. Wade Kricken , an experienced real estate litigator and lawyer who has been in practice for several years and has seen firsthand how important it is to choose wisely when selecting an executor. Here are some tips from Mr. Kricken on selecting the right person for this critical role.
Do Your Research
Talk with professionals and family members about who might be a good fit for this role. Ask them for advice on people they think may have the skills necessary to fulfill all the duties associated with being an executor. You can also look online or in legal publications for information about what qualities are important in an executor and start building your list from there.
Having someone with a legal background can be particularly helpful if any disputes arise over how your will was written or interpreted, since they will know how to navigate these issues more effectively than someone without this knowledge. Additionally, having someone with financial acumen can help ensure that assets are managed appropriately while your will is being executed and probated.
Look at Personal Relationships
It’s also important to consider personal relationships when picking an executor—you want someone who knows you well enough that they understand what you would have wanted done based on their knowledge of your wishes and values before you passed away. It’s also helpful if this person has good communication skills so they can clearly communicate with others involved in your estate such as family members or business partners.
With these tips from Wade Kricken in mind, you’ll be well-positioned to pick the right person for this critical job!