When Florida residents build an estate plan, what should they look into first? One of the key elements you must address is finding an executor. The executor of a will or estate will manage the entire thing after you pass on. This means you must choose wisely.
So what are some of the things you should look for in an executor? Today we will answer this question.
Subjective traits of good executors
HuffPost looks at tips for choosing a good executor for your will. Some traits are more universal than others. Some are more subjective. For example, an executor’s personality is subjective. You want to pick someone who gets along with you. You also want someone who holds similar moral values and beliefs. Why? Because this person acts as your extension. They handle matters for you when you cannot handle them for yourself. You will rest easier knowing that the person handling your affairs thinks in a similar way.
Universal traits of good executors
But what about the universal traits? There are a few of them. For example, an executor should have strong organizational skills. They should also be well-versed in leadership positions. They should know how to take charge in a situation rather than waiting on instruction. This is because they are the one everyone else will turn to.
They should hold strong communication skills as well as empathy. They will handle grieving loved ones and family members. They must know how to navigate these conversations with care.
Finally, ensure they understand the scope of responsibility they will take on. Probate sometimes lasts for years. This is not a small task. It is an in-depth endeavor. They should know this before making their decision.