When you’re ready to begin estate planning, you may be focused on the beneficiaries, or the people who will receive inheritances. However, it’s also important to choose an executor, the individual in charge of distributing those assets. To make the best possible decision, use this guide to learn more about an executor’s role in your estate.

What Is an Executor?

This individual is the official representative of your estate, the one who will handle the details after you’ve passed. They’ll need to settle any remaining debts, gather all your assets, and distribute them as you would have wished. If you left anything unclear, they might need to make their own decisions on your behalf. In some cases, the court may oversee the executor to ensure that their choices are in the best interests of your beneficiaries.

How Do I Choose the Right Person?

First, think about the people in your life who know you well and you trust to handle your life’s earnings after you’re gone. Then, eliminate the people on that list that will be directly affected by the distribution of your assets, as their own interests could sway their actions. 

For example, while you might be leaving plenty of assets to your children, it’s better to choose a more neutral individual who won’t have their own opinions on the sale of their childhood home. In some cases, it may make sense to choose a colleague or friend that you aren’t leaving assets to.

Once you’ve narrowed down the list of potential executors, choose one individual who is trustworthy, punctual, and pays attention to detail. That way, you can trust that they’ll study your estate planning documents, show up to hearings, and make decisions that align with your wishes. Finally, speak to them and make sure they’re available and willing to serve as an executor. If you can’t decide on one person, you can choose to make two individuals co-executors. 

If you’re still having trouble with this estate planning step, you can find assistance in Riley, Resar & Associates PLL. For over three decades, the attorneys at this Lorain, OH, firm have helped clients prepare for the future. When the time comes, they can also stand by your executor as they navigate the probate process. To learn more about their estate planning work, visit the website. You can also call (440) 244-5214 to schedule an appointment and start crafting your estate plan.