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Estate planning: choosing an executor

On Behalf of | Mar 30, 2024 | Estate Planning

When signing a last will and testament in Florida, the estate owner typically specifies someone to settle the estate when the time comes. This role is known as the “executor.” It is a critical component of the estate planning process.

Choosing an executor is not about naming a favorite friend or relative. On the contrary, the person fulfilling this role will have many duties to carry out. The job is often stressful. Therefore, it is important to choose carefully when naming an executor, making sure to select someone who is up to the task and who works well under pressure.

Keep these four estate planning tips in mind regarding an executor

A testator (person executing a will) has discretion in choosing the executor. When selecting a person, consider the following:

  • Is the person able to commit the time it will take to navigate the probate system and deal with all the paperwork?
  • Name someone good at keeping the peace, especially if a dispute arises among heirs or beneficiaries.
  • An executor must be able to handle multiple duties and tasks and have excellent organizational skills.
  • It is best to choose a person who is good at handling money issues.

While these are not the only qualities attributable to an executor, a person who fits this description would likely make a good executor.

Understand estate laws before executing a plan

There is a lot involved with being an executor. An estate owner may not be familiar with applicable Florida laws and typically needs assistance to navigate the system. Scheduling a consultation with an estate planning attorney is the easiest way to clarify the laws and ensure that all requirements for properly executing a last will have been met.