When Texas residents begin working on an estate plan, what should they focus on? Depending on the source, they may get different answers. But one thing is certain. Everyone understands the importance of an executor.
An executor handles matters of your will and estate when you have passed on. This makes them a crucial figure in estate planning and management. Do you know what to look for in an estate executor? Today we will answer that question.
An executor that holds core values
HuffPost discusses some of the traits in a potential good executor. First, you want to make sure they hold similar core values and moral principles. This looks different for every individual. Because of that, it is impossible to say which personality type is “best” for an executor role. This is very personal to the individual the will or estate belongs to. But you want to ensure you are on the same page in most cases. Why? Because you will feel more at ease if you know your executor will likely make the same decisions you would.
Universal traits of good executors
Beyond that, you want someone with good time management and organizational skills. They should have leadership skills, too. After all, the executor acts as the key figure in probate. They communicate your wishes on your behalf. This means they answer to no one but themselves. They should know how to manage a project successfully.
They should have good communication in general. They will contact your family and loved ones. They will also deal with attorneys. This means they should know how to discuss things in a way that will not alienate anyone.
They should also handle responsibility well. Probate sometimes lasts years. This is a long project that will take up much of their time and energy. They must prepare for this and know how to handle it.