How to choose an executor of will
When considering an executor, keep in mind the following:
- Learn his responsibilities, which include, but are not limited to? Collect his possessions; pay creditors; to pay the taxes; to notify from your death to the Department of Social security and to other agencies; cancel credit cards and distribute possessions according to the will.
- Make a list of potential implementers: Think if the first person who comes to mind is unem-penaria fully in the role of executioner. Next to each name list the benefits and negative aspects of choosing that person or organization.
- Consider personal relationships: A friend, spouse or other family members are often the first choice of executor for many people. The executors are legally entitled to receive payment for their services, an amount that is deducted from the properties of the deceased. While a friend or family usually give up such payment is not always advisable to opt for the most economical choice in that as-respect. An impartial enforcer, who is not closely related to his family, could impartially enforce the details of his will.
- They know your properties: Consider those who know your property, family and other business operations. The executor must be ready and willing to act on your behalf. Knowledge of business taxes or laws can also be very useful. Talk to that person/group before making the final decision, to determine whether it is able and fully empowered to be the executor of your testament.
- To take into account the pain of loss: think of how your executor would react at the time of your death. Will this person be able to deal with his matters, in spite of the pain due to the loss?
- Appoint a guardian or tutor: An executor and a guardian are not same. If you have young children then it is vital to appoint a guardian to care for the children if they are unable to do so.