In the process of establishing your estate planning goals, you have to make key decisions about other people. For example, selecting your power of attorney means thinking about who you trust to make legal or financial decisions on your behalf if something happens to you.
A will is your opportunity to establish a guardian for your child which means that not only must you be clear about this person’s ability to serve in this role, but you must have a conversation about their willingness to step in and parent your own child. Finally, another individual who might be named with a powerful role in your estate is known as the executor.
Your executor is the person who administers your estate and it is crucial that you select a person you trust. Furthermore, you need to select a backup or successor executor. In the event that your original executor is unable to serve in this important capacity, you will need to update your will executor.
Finally, you must make sure that the executor you’ve selected know that you’ve chosen him or her to serve in this role, to verify that they accept the responsibility. An executor should be somebody who is organized and ideally has some experience with financial or legal issues. The most important aspect of someone you select as serving the role of executor is trust.
You must be able to trust this person and ensure that they feel comfortable and competent in handling this role in the future. Your executor will play an important part in closing out your estate in a formal manner, so it needs to be someone you can count on.
If you have questions about naming a California executor for your estate, now is the time to speak with a trusted lawyer in Pasadena.