During the estate planning process, one of the most important tasks you’ll need to accomplish is naming an executor for your will. To ensure the best person is chosen for the job, you first need to understand what the role encompasses. The following guide offers an introduction to this responsibility so you can move forward with peace of mind. 

General Duties

As the name suggests, this person’s main job is to execute the terms of your will. To accomplish this, they’ll guide the estate through the probate process, which involves inventorying all your assets, ensuring all applicable debts in your name are satisfied, and distributing your remaining property to your outlined beneficiaries.

Your executor will not necessarily need to have extensive legal experience, as they should be able to rely on an estate planning attorney to guide them. Typically, this process will involve locating assets, getting in touch with your beneficiaries, filing the will in probate court, closing all your personal and financial accounts, and paying any remaining income taxes.

Choosing an Executor

Your executor should be responsible and ready to take the job seriously. Many people opt for close family members, as they will have known you well and might already be familiar with your assets. Other people opt for a professional third party, like an attorney or accountant.

When deciding on your executor, consider any external factors that might impact a potential party’s ability to complete the job. For example, if they live in a different state, they might not have the time or resources to travel long distances and carry out the duties of your estate.

If you need help establishing an executor for your will, consult the professionals at The Law Offices of Bromm, Lindahl, Freeman-Caddy & Lausterer in Wahoo, NE. Since 1893, they have provided residents throughout the area with top-quality estate planning services. Call (402) 443-3225 to schedule a consultation. Visit their website to learn more about their offerings.