The Society of Certified Senior Advisors has recently released this very important article that helps guide you and your loved ones through the appropriate steps of estate planning and choosing the “right executor.” It is important to keep in mind that if an executor is not appointed, the courts will do it for you. So, how do you decide who best fits the job description?
Here’s a few suggestions:
1. Discuss with your lawyer the people you are considering as your executor. Ask for some literature which outlines the duties and responsibilities of an executor. Thoroughly review this information.
2. Before appointing an executor and signing your will, ask the people you are considering if they would be your executor and if each is willing to accept the responsibilities. Provide each of them with a detailed description of the job and share what it means to you personally. Be prepared to show them your will.
3. If you do not know anyone who would be a suitable fit to be your executor, consider naming a lawyer or a trust company. This is especially important if your will contains trusts or other investments which may continue for a number of years after your passing.
Interested in reading the full length of this article? This press release contains only small excerpts from its original source. To read the full length of Choosing an Executor of Your Will, please visit http://www.csa.us/
The Society of Certified Senior Advisors (SCSA), provides free resources and tools for our members as an ongoing commitment that we have in helping professionals to understand the complex and dynamic lives of modern senior citizens.
SCSA’s mission is to educate professionals to work more effectively with their senior clients. For those who work with seniors, this means understanding the key health, social and financial factors that are important to seniors—and how these factors work together. CSAs are able to integrate this into their professional practices, no matter what field they’re in. They’ve learned how incredibly gratifying it is to help seniors achieve their goals, and the seniors they’ve worked with have learned how important it is to work with someone who truly understands their age-related circumstances. For more information about SCSA and its educational course, please visit www.csa.us.
Here are some other relevant resources that might peak your interest. Download them now for free:
Two Ways the Needs Trust Can Enhance the Quality Of Life for Persons With Disabilities:
New Regulations Help Guarantee the Competency of Tax Preparers: http://www.csa.us/
More About Medicare and Changes in 2011: http://www.csa.us/
Erica Ananich, SCSA
Refer a colleague today!
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SCSA educates professionals to work more effectively with their senior clients. That means understanding the key health, social & financial factors that are important to seniors — so you can find success in the senior market.