The person you name to act as executor of your estate will take charge of handling and distributing your estate when you die.
While a probate court will, in most cases, oversee the process, the executor still has a lot of scope to act, so you need to choose the right person for the job. But what does this look like?
Honesty
Most executors do their best, but occasionally, some are tempted by the money they are dealing with and try to divert some of it their way. To avoid this, ensure you have complete faith in your executor’s honesty.
Availability
Your executor might be available now, but will they still be when you die in years to come? It’s hard to tell where life will lead people, so perhaps all you can do is pick someone you think is likely to remain in the area and still be alive when you pass away.
Remember, you can change your choice of executor, which you might want to do if your chosen person moves to Australia or some other place where the distance or different time zone makes it harder for them to fulfill the role. Or, if you notice that they are constantly so busy that they are unlikely to be able to dedicate the time needed to the task.
Communication skills
Your executor will need to deal with a lot of people, some of whom may be in grief after your death. Clear communication is essential, as is the ability to reassure people that everything is under control.
Organization
Poor organization could lead to errors and delays. Your loved ones deserve better, so try to pick someone you know has the organizational capabilities needed.
Consider learning more about what the role entails if you are unsure who to pick.