Conover & Grebe, llp

Call For A Personal Consultation with an Attorney Today
310-776-9028

Understand the challenges of serving as an executor

When creating an estate plan, there will come a point when you need to think long and hard about whom you name as the executor. While you may have many options, you need to make a final decision at some point.

The first thing you should do is consider the many steps that the executor will need to take upon your passing. Once you do this, you may find that some people are better suited for this task than others.

Taking this one step further, you should do your best to understand the challenges of serving as an executor. By putting yourself in this person's shoes, it becomes easier to make a decision as to whom you should select.

Here are some of the top challenges of serving as an executor:

  • Time commitment
  • Gaining access to information and records
  • Having enough legal and financial knowledge to make informed decisions
  • Managing disagreements among heirs
  • Filing tax returns
  • Paying debts and bills that were left behind
  • Distributing assets according to the estate plan
  • Lack of compensation for the time put into the process

As you can see, serving as an executor is not nearly as simple as it sounds. Even in the event of a basic estate, the executor is still staffed with a variety of tasks and responsibilities.

If you are in the process of creating an estate plan and choosing an executor, make a list of people you can trust. From there, begin to narrow your options based on availability, health, personality traits and level of trust.

In the end, the only thing that matters is that you choose the right executor. This will give you peace of mind.

No Comments

Leave a comment
Comment Information
Email Us For A Response

Get Started

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Office Location

3424 W. Carson Street
Suite 320
Torrance, CA 90503

Toll Free: 866-661-9751
Phone: 310-776-9028
Fax: 310-542-1588
Map & Directions