Considerations When Choosing the Executor of a Will: A Guide for Residents of Rochester and the...
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Transcript of Considerations When Choosing the Executor of a Will: A Guide for Residents of Rochester and the...
196 North Main St., PO Box 417, Naples NY 14512
1163 Pittsford-Victor Road, Suite 120, Pittsford 14534-3817
CONSIDERATIONS WHEN CHOOSING THE EXECUTOR OF A WILL
A Guide for Residents of Rochester and the Finger Lakes
196 North Main St., PO Box 417, Naples NY 14512
1163 Pittsford-Victor Road, Suite 120, Pittsford 14534-3817
WHEN YOU CHOOSE AN EXECUTOR
196 North Main St., PO Box 417, Naples NY 14512
1163 Pittsford-Victor Road, Suite 120, Pittsford 14534-3817
When you create a will, generally you should name an executor in
your will.
196 North Main St., PO Box 417, Naples NY 14512
1163 Pittsford-Victor Road, Suite 120, Pittsford 14534-3817
If you do not choose to name an executor, the probate court will
have to appoint someone to serve in this role instead.
196 North Main St., PO Box 417, Naples NY 14512
1163 Pittsford-Victor Road, Suite 120, Pittsford 14534-3817
WHY YOUR CHOICE MATTERS
196 North Main St., PO Box 417, Naples NY 14512
1163 Pittsford-Victor Road, Suite 120, Pittsford 14534-3817
Your executor has a lot of responsibility.
196 North Main St., PO Box 417, Naples NY 14512
1163 Pittsford-Victor Road, Suite 120, Pittsford 14534-3817
The executor has to take care of winding up estate affairs, has to handle legal issues, and has to
manage property.
196 North Main St., PO Box 417, Naples NY 14512
1163 Pittsford-Victor Road, Suite 120, Pittsford 14534-3817
You want someone who is up to the task.
196 North Main St., PO Box 417, Naples NY 14512
1163 Pittsford-Victor Road, Suite 120, Pittsford 14534-3817
THINGS TO CONSIDER
196 North Main St., PO Box 417, Naples NY 14512
1163 Pittsford-Victor Road, Suite 120, Pittsford 14534-3817
There are many things to consider when you select an executor of your
will.
196 North Main St., PO Box 417, Naples NY 14512
1163 Pittsford-Victor Road, Suite 120, Pittsford 14534-3817
Some of the following are key characteristics to look for when
choosing an executor of your will:
196 North Main St., PO Box 417, Naples NY 14512
1163 Pittsford-Victor Road, Suite 120, Pittsford 14534-3817
ABILITY
196 North Main St., PO Box 417, Naples NY 14512
1163 Pittsford-Victor Road, Suite 120, Pittsford 14534-3817
The person who you select as an executor must be able to carry out
the tasks that an executor is required to do.
196 North Main St., PO Box 417, Naples NY 14512
1163 Pittsford-Victor Road, Suite 120, Pittsford 14534-3817
Executors have to manage property and care for your investments.
196 North Main St., PO Box 417, Naples NY 14512
1163 Pittsford-Victor Road, Suite 120, Pittsford 14534-3817
Choose someone who knows how to do this.
196 North Main St., PO Box 417, Naples NY 14512
1163 Pittsford-Victor Road, Suite 120, Pittsford 14534-3817
Executors have to comply with tax requirements and probate rules.
196 North Main St., PO Box 417, Naples NY 14512
1163 Pittsford-Victor Road, Suite 120, Pittsford 14534-3817
An attorney helps, but you need an executor who can find a lawyer and play his or her role in the process.
196 North Main St., PO Box 417, Naples NY 14512
1163 Pittsford-Victor Road, Suite 120, Pittsford 14534-3817
INTEGRITY
196 North Main St., PO Box 417, Naples NY 14512
1163 Pittsford-Victor Road, Suite 120, Pittsford 14534-3817
Executors have a fiduciary duty to act in the best interests of the
estate.
196 North Main St., PO Box 417, Naples NY 14512
1163 Pittsford-Victor Road, Suite 120, Pittsford 14534-3817
This means protecting heirs and making sure the wishes of the
deceased are respected.
196 North Main St., PO Box 417, Naples NY 14512
1163 Pittsford-Victor Road, Suite 120, Pittsford 14534-3817
You still want to choose someone honest, because you do not want your
family to have to make a breach of duty claim if an executor starts taking estate assets or otherwise fails to live up to the
trust you have placed in him.
196 North Main St., PO Box 417, Naples NY 14512
1163 Pittsford-Victor Road, Suite 120, Pittsford 14534-3817
WILLINGNESS
196 North Main St., PO Box 417, Naples NY 14512
1163 Pittsford-Victor Road, Suite 120, Pittsford 14534-3817
The person you select as an executor has to be willing to fulfill
this role.
196 North Main St., PO Box 417, Naples NY 14512
1163 Pittsford-Victor Road, Suite 120, Pittsford 14534-3817
It can be tough to take on the task of serving as an executor when you are
also coping with grief.
196 North Main St., PO Box 417, Naples NY 14512
1163 Pittsford-Victor Road, Suite 120, Pittsford 14534-3817
GETTING LEGAL HELP
196 North Main St., PO Box 417, Naples NY 14512
1163 Pittsford-Victor Road, Suite 120, Pittsford 14534-3817
An experienced Rochester and Finger Lakes estate planning lawyer
can help you to determine who to choose as an executor.
196 North Main St., PO Box 417, Naples NY 14512
1163 Pittsford-Victor Road, Suite 120, Pittsford 14534-3817
LEARN MORE ABOUT CHOOSING THE EXECUTOR OF A WILL IN NAPLES, NEW
YORK
196 North Main St., PO Box 417, Naples NY 14512
1163 Pittsford-Victor Road, Suite 120, Pittsford 14534-3817
Click to visit mrobinsonlaw.com. Or call us at (585) 374-5210 to
schedule a consultation.