On this day, in 1969 – The Who released “I’m Free”, adding another classic to their catalog
Choosing Who should act as the Executor of your Will is an important decision. Don’t just pick whoever happens to be free. You need to consider the qualities of a competent executor.
A competent executor (also called an estate trustee or personal representative, depending on the context) plays a crucial role in managing and settling an estate according to the Will and applicable laws.
Here are the most important characteristics of a capable executor:
1. Trustworthiness
• Most important quality.
• Executors manage assets, pay debts, file taxes, and distribute inheritances—often with little day-to-day oversight.
• Should be someone who will act honestly and in the best interest of all beneficiaries.
2. Organizational Skills
• Estate administration involves many moving parts: paperwork, deadlines, court filings, and recordkeeping.
• A good executor can stay on top of multiple tasks over months or even years.
3. Good Communication Skills
• Executors must:
• Communicate with beneficiaries (often during emotional times).
• Deal with lawyers, accountants, and financial institutions.
• Provide updates and explain decisions clearly.
4. Financial Literacy
• They should be comfortable:
• Reviewing bank accounts, investments, and debts.
• Managing estate funds until distribution.
• Filing taxes for the deceased and the estate.
Note: They don’t need to be a financial expert—just capable of working with professionals when needed.
5. Impartiality & Fairness
• Especially important in families with tension or potential conflicts.
• A good executor can remain neutral and avoid favoritism or conflict of interest.
6. Availability & Commitment
• Administering an estate can take 6–24 months or longer.
• Choose someone with the time, health, and willingness to see it through.
7. Willingness to Seek Help
• Competent executors know when to consult:
• Lawyers for probate or legal matters.
• Accountants for tax filings.
• Realtors or appraisers for selling estate property.
• They delegate rather than guess.
8. Geographical Proximity (Optional but Helpful)
• Being local can make it easier to:
• Access the deceased’s home.
• Deal with banks or courts in person.
• Oversee property or clean-outs.
Your executor doesn’t need to be perfect—just capable and committed. And if you’re not sure who fits the bill, we can help you think through the options.
Now booking Will consultations — let’s make sure your wishes are protected and your loved ones are supported when it matters most.
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