The document provides 10 tips for choosing an executor to carry out responsibilities for one's assets and liabilities after death. The tips advise choosing someone who can do the job well, is local, familiar with the estate, willing to accept the role, suitable based on the property, with their own assets, naming an alternate, considering compensation, and potentially a professional or multiple executors if needed. It stresses being an executor is a big responsibility and reviewing the choice over time.
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Tips For Choosing An Executor In Your Will
1. Ten Tips for Choosing an Executor Noah Sarna Associate Boughton Law Corporation
2. Disclaimer THE FINE PRINT This presentation contains general information and not legal advice No solicitor-client relationship or privilege attaches to an exchange of info For a specific problem, consult a lawyer
3. Ten Tips for Choosing an Executor Not easy choosing an executor Person who will assume responsibility for your assets and liabilities, to carry out your wishes
4. Ten Tips for Choosing an Executor Tip #1: choose someone who will be able to do the job well Tip #2: choose someone local
5. Ten Tips for Choosing an Executor Tip #3: choose someone familiar with your estate Tip #4: choose someone who will accept the job
6. Ten Tips for Choosing an Executor Tip #5: choose someone based on your property Tip #6: choose someone with their own assets
7. Ten Tips for Choosing an Executor Tip #7: choose an alternate executor Tip #8: consider compensation
8. Ten Tips for Choosing an Executor Tip #9: if nobody else, choose a professional, but consider the fees Tip #10: if no one person, choose multiple executors
9. Ten Tips for Choosing an Executor Keep in mind: Being an executor is no picnic Review your decision often Executors can seek help
#3: It wouldn’t be a presentation by lawyers without a bunch of fine print. Essentially, it says that you should take what we say as information specific to your circumstances. This is meant to be educational.