Choosing an Executor for Your Estate (00:40)
Your executor is essentially the CEO of your estate—the person responsible for ensuring your will is executed correctly. This role can mean handling everything from distributing assets to heirs to ensuring any taxes due are paid. Your executor is a crucial player on your estate planning team.
Unsurprisingly, people often find it difficult to choose their executor. Luckily, you can choose from virtually anyone. In our experience, a family member is the most common option. Professionals—lawyers, bankers, and others—are also commonly selected. Family member executors may engage a professional for help doing the job—a move that can help avoid family conflicts over assets.
