Professional executors represent a will or estate. While you may feel honored to be selected as an executor, with great power comes great responsibility.
Managing one’s will or estate requires an executor to be skilled, highly organized, keenly observant, and foresighted, just like a trust attorney as their job is equally important - to divide the rightful assets and property amongst the beneficiaries as per their entitlement.
A professional estate executor can be the right choice if you can’t find a person you can trust. Here is how to choose an executor.
How To Choose An Executor?
Yes, that’s a thing. A skilled attorney can also work as a professional executor. Acting as an executor means you are not only responsible for everything that someone else owns, but you also have to be liable if something goes wrong.
A professional estate executor knows this job well and knows that all ‘I’s’ have to be dotted and ‘T’s’ have to be crossed. Even if you act as an executor, have an attorney by your side to guide you through the process.
Organization Is Key
There is a lot to handle when it comes to will and estate planning, but with proper organizing skills and keeping everything handy, the task can be made smooth and easy. A professional estate executor by your side can make it further easy to know what you need to do next.
They will guide you if you have no idea how to get started and what to do with the bundle of documents. The first step is fundamental, which involves buying a good binder or file to keep all important documents like estate planning documents, bills, property papers, death certificates, financial statements, beneficiary information, insurance policies, etc. As an executor, it is essential to have all documents ready for your first meeting.
Stay Clear About The Connections
What does the executor of a will have to do? A professional estate executor has to communicate with several parties associated with the estate planning. These parties include the creditors, courts, beneficiaries, IRS, and more.
As an executor for wills, you should also be clear about the lines of communication and have detailed contact information for all the parties involved. You also need to take note and keep recording the phone calls or any communication you may have with any of these parties.
Above all, you should know how you need to talk with each party to reach an amicable decision. The communication should be smooth, open, and honest to avoid any disputes. It is therefore advisable to record all your communications to present them as evidence if needed.
A professional estate executor will allow you to get acquainted with such beneficiary tips while on duty. It also eases your nerves to have a professional by your side.
Get The Best Executor Services
Are you acting as an executor for a will? If you don’t know how to get started to get the job done, you can always hire a qualified attorney at Miller Law Firm, PC.
We provide our services in:
- King of Prussia, PA
- Lebanon, PA
- Lancaster, PA
- Reading, PA
Get in touch today to learn more.
