North Carolina residents like you spend a lot of time and effort on your estate plan. It is important to have a good executor to carry it out. But how do you select an executor? What traits make a good one?
Today, we will take a look at this question. We will discuss some universal traits of good executors, as well as subjective ones.
Finding a good personal match in an executor
HuffPost discusses what to look for when choosing an executor. The subjective traits relate to how you get along with this person. An executor handles your will and estate after your passing. It goes without say that you want them to represent you well. This means choosing someone with similar views and principles. Many people try to pick someone they know would make similar decisions.
Executors as leaders
Objective traits have to do with how good of a project organizer and leader this person is. You want someone with strong organizational skills. You want someone who can communicate with grieving loved ones in a safe and efficient way. It is best to aim for someone with experience leading big projects. After all, undertaking probate is an enormous task. It can take years to work through the entire process. Executors should understand what they are getting into. They should have the experience necessary to handle it.
Finally, your pick should have free time. As stated, probate can take years. It should remain at the top of an executor’s priorities. Anyone with big life projects may not fit your needs well. This includes plans to relocate or open and run a small business. These tasks take up attention in the short-term and last for the long-term.