When you are writing your last will and testament, you will need to choose an executor. This is the person who will see to it that everything you have written in your will takes place after you pass away. The executor should be someone you have confidence in, someone you trust.
This is your choice – your executor (or executrix if your choice is female) does not have to be a family member. It can be a friend or a neighbor. It can also be an institution like a bank or a trust company. We usually do not recommend institutions for smaller estates (those under a half million dollars), as the fees they have to charge make them an unwise choice.
We recommend you choose an alternate executor. Your first choice for executor may be unable or unwilling to serve as the executor of your estate for any number of reasons. Your Last Will and Testament can be written to include an alternate choice for executor.
Once you have made your choice, you need not worry that somehow someone else is going to ‘take over’ your estate after you are gone. Your decision of who administers your estate will ensure that your wishes are carried out.
Please contact Mateya Law Firm to help you with your estate planning and administration needs.