As a parent, you may be interested in naming all of your children as the executor of your will because you want no one to feel as though they have been left out. You certainly have the option to name multiple children as co-personal representatives. However, this presents a unique range of problems.
It can slow things down significantly when it is time to manage your estate because the administration requires that all personal representatives be involved in the management of your estate.
All of these must sign the necessary documents such as real estate contracts in order to liquidate your assets and your accounts. This is certainly not a problem that can’t be overcome, however, achieving all of those signatures can be a time intensive process and things may be made much more difficult if you have children in various geographical locations.
Naming one or two children as your personal representative is a far better approach to naming everyone. It is better to ensure that there is a smooth transfer of your assets and a way to handle your estate effectively because your family members will most likely already be struggling with the emotional aftermath of losing a loved one.
