How do you choose an executor?

On Behalf of | Mar 9, 2020 | Estate Planning

When North Carolina residents begin to craft a will or estate plan, there are many things to do. But one of the first things is finding an executor for your estate. This person will have many important responsibilities. Because of this, you should select yours with care.

Forbes takes a look at how to choose an estate executor. There are many factors to examine. For example, are you compatible on a personal level? You should share similar core values and moral beliefs. This is because they may need to make decisions on your behalf after you have passed. It can give you peace of mind to know the person calling those shots is like-minded.

Getting along and thinking similarly is not where your search should end. Your executor should also be up to the task of managing an estate. This is a long and arduous process. Probate often lasts several years. Your executor should understand this. They should have strong organizational skills. You may also want to pick someone who does not have a lot on their plate. For example, a potential bad choice is someone working on establishing a new business or family. They may not make a good pick for an executor.

Finally, consider contacting someone with strong interpersonal skills. This individual is going to manage your estate after you pass. This means they will contact your loved ones and family members. They should have the ability to work with others in a professional and friendly way. Conflict resolution skills are often useful in these situations as well.