How to Go about Choosing Executor for Your EstateNancy Dilley Nancy Dilley
Want to learn more? Contact a local FBFS agent or advisor for answers personalized to you. Find an Agent or Advisor You May Also Like How Do You Choose an Executor of an Estate? Dec 16 3 minute read 8 Savings Challenges to Try in 2025 ...
As the executor of a person's will, your duty is to collect in the deceased's estate and administer it properly. Much of the process involves paying bills, expenses and taxes, and to do that, you'll need to sign checks from the deceased's bank account. Most people do this by opening...
2. Choose your executor Choosing your executor is one of the most important parts of making a will. The executor is the party responsible for distributing assets and carrying out your will, which includes managing your estate through the probate process. Probate is the process of making sure a...
For example, an executor of an estate may be appointed through a will left by a decedent.Power of attorneymay be assigned to a person to tend to certain affairs for another person while they are out of the country or not capable of taking action for themselves. ...
A couple years before her death, my grandmom appointed me as trustee of her living trust and executor of her estate. As I go through the probate process, we'll learn together (if you choose to join me on the trip) about how to probate an estate and also the differences between that ...
deceased person's finances and carry out her wishes. If she didn't name someone specifically, the family or a judge appoints the executor. However he comes into his role, the executor of an estate has several duties to perform immediately and in the months, and sometimes years, after the ...
” From identifying your assets and debts and designating beneficiaries to appointing an executor, this guide serves as a roadmap forcreating a will. For the most peace of mind, use this guide in addition to consulting with an estate planning attorney—they can help you decide whether a will...
Choose an executor to handle the estate. Every will must name an executor to carry out the terms of the will. It is best to verify with the executor in advance that they are willing to serve. Choose a guardian for any children. If children are minors, decide who would raise them in ...
Trustee vs Executor Trustees and executors both have a fiduciary duty to the beneficiaries of a trust or estate. However, there are differences in how they are appointed and the duties they are responsible for. Trustee A trustee is responsible for managing the assets placed in a trust. With ...